the sp of 12 pens is equal to the cp of 14 pens then what is gain (or)loss percent
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the sp of 12 pens is equal to the cp of 14 pens then what is gain (or)loss percent
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Answer:
40%
Step-by-step explanation:
Let the Cost Price for 1 pen be Rs.100
So, Total Cost Price = 100 *14 = 1400
Selling Price for 10 pens is equal to cost of 14 pens
Therefore, Total Selling Price for 10 pens = 1400
so, SP for 1 pen = 1400/10 = 140
Profit on 1 pen = SP - Cost Price = 140–100 = 40
Profit on 1 pen = 40
Percentage Profit = Profit / Cost *100
% Profit/ Gain = 40/100*10 = 40%
Final Answer = 40%