The cost price of 12 pens is equal to the selling price of 9 pens. Find the profit percentage.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. %
Let cost price of 12 pens = ₹12
Then cost price of 1 pen = ₹1
Given cost price of 12 pens = selling price of 9 pens
So selling price of 9 pens = ₹12
Selling price of 1 pen = 12 ÷ 9 = ₹1⅓
Profit per pen = 1⅓ − 1 = ⅓
Profit % = (⅓ ÷ 1) × 100 = 33⅓%