Question
Easy
If the cost price of 8 pens is same as the selling price of 6 pens, then the gain percent is
1
$11\frac{1}{2}\%$
2
$13\frac{1}{3}\%$
3
$33\frac{1}{3}\%$
4
25%
Question Details
Time to Solve: 12
Exam: UPTET
Level/Paper: Paper 1
Chapter: Finance
Topic: Profit & Loss
Correct Answer
Option C
Explanation
To determine the gain percent, we need to establish a relationship between the cost price (CP) and the selling price (SP) of the pens. Let CP be the cost price of one pen and SP be the selling price of one pen. According to the problem statement: The cost price of 8 pens is the same as the selling price of 6 pens. This can be written as an equation:…Read More
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