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If the cost price of 18 pens is equal to...

If the cost price of 18 pens is equal to the selling price of 12 pens, what is the gain percent?

A

`12.5%`

B

`22.5%`

C

`50%`

D

`36%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the gain percentage when the cost price of 18 pens is equal to the selling price of 12 pens. ### Step-by-Step Solution: 1. **Define Variables**: Let the cost price (CP) of one pen be \( x \). Therefore, the cost price of 18 pens is \( 18x \). 2. **Selling Price Calculation**: Let the selling price (SP) of one pen be \( y \). Therefore, the selling price of 12 pens is \( 12y \). 3. **Set Up the Equation**: According to the problem, the cost price of 18 pens is equal to the selling price of 12 pens: \[ 18x = 12y \] 4. **Find the Ratio of CP to SP**: Rearranging the equation gives us: \[ \frac{CP}{SP} = \frac{12}{18} = \frac{2}{3} \] 5. **Express CP and SP in Terms of a Common Variable**: If we let the cost price of 18 pens be \( 2k \) (for some \( k \)), then the selling price of 12 pens will be \( 3k \). 6. **Calculate Profit**: The profit can be calculated as: \[ \text{Profit} = SP - CP = 3k - 2k = k \] 7. **Calculate Gain Percentage**: The gain percentage is given by the formula: \[ \text{Gain Percentage} = \left(\frac{\text{Profit}}{\text{CP}}\right) \times 100 \] Substituting the values we have: \[ \text{Gain Percentage} = \left(\frac{k}{2k}\right) \times 100 = \frac{1}{2} \times 100 = 50\% \] ### Final Answer: The gain percentage is **50%**.
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