Question

The cost price of 6 pens is equal to selling price of 5 pens. Find the profit or

loss percent.

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Answer 1

Answer:

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Answer 2

Required Answer:-

As we know that

SP=CP+gain

Given 6 times CP is equal to 5 times SP

⟹6CP=5SP

⟹6CP=5(CP+gain)

⟹6CP=5CP+5gain

⟹CP=5 gain

⟹gain= $\bf\dfrac{1}{5}$ × C.P = $\bf\dfrac{20}{100}$ × C.P = 20%