The cost price of 12 pens is equal to the selling price of 8 pens. The profit percentage is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e 50%
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Understanding Tricks |
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Application 12CP = 8SP ⇒ CP/SP = 8/12 ⇒ CP/SP = 2/3 |
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Profit = 1/2 × 100 = 50% |