Profit and Loss - Arithmetic Aptitude Questions and Answers

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

25%

33 1/3 %

50%

66 2/3 %

Answer : Option C

Explanation :

Let C.P. of each pen be Re. 1.

Then, C.P. of 8 pens = Rs. 8; S.P. of 8 pens = Rs. 12.

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