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If the cost price f 12 pens is equal to ...

If the cost price f 12 pens is equal to the selling price of 8 pens, the gain percent is ?

A

0.12

B

305

C

0.5

D

0.6

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 12 pens is equal to the selling price of 8 pens. ### Step-by-Step Solution: 1. **Define Variables**: Let the cost price of one pen be \( CP \) and the selling price of one pen be \( SP \). 2. **Set Up the Equation**: According to the problem, the cost price of 12 pens is equal to the selling price of 8 pens. Therefore, we can write the equation: \[ 12 \times CP = 8 \times SP \] 3. **Rearranging the Equation**: We can rearrange the equation to express the relationship between \( CP \) and \( SP \): \[ \frac{CP}{SP} = \frac{8}{12} \] Simplifying this gives: \[ \frac{CP}{SP} = \frac{2}{3} \] 4. **Finding the Profit**: Since \( CP < SP \), we can find the profit. The profit can be calculated as: \[ Profit = SP - CP \] To express \( SP \) in terms of \( CP \), we can rearrange the ratio: \[ SP = \frac{3}{2} CP \] Now substituting this into the profit formula: \[ Profit = \frac{3}{2} CP - CP = \frac{3}{2} CP - \frac{2}{2} CP = \frac{1}{2} CP \] 5. **Calculating Gain Percentage**: The gain percentage is calculated using the formula: \[ Gain\% = \left( \frac{Profit}{CP} \right) \times 100 \] Substituting the profit we found: \[ Gain\% = \left( \frac{\frac{1}{2} CP}{CP} \right) \times 100 = \frac{1}{2} \times 100 = 50\% \] 6. **Final Answer**: The gain percentage is \( 50\% \), which can also be expressed as \( 0.5 \) in decimal form. ### Summary: The gain percentage when the cost price of 12 pens is equal to the selling price of 8 pens is \( 50\% \) or \( 0.5 \).
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