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Question

If SP of 6 pens is equal to the CP of 7 pens. Then find gain % (or) loss%.


A
  1212% gain
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B
1623 % gain
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C
1623 % loss
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D
1212 % loss
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Solution

The correct option is C $$16\dfrac{2}{3}$$ % gain
It is given that the SP of 6 pens is equal to the CP of 7 pens.

Therefore, we would be in the profit of 1 pen.

Therefore, $$Gain \%  =$$ $$\displaystyle\frac{7\,-\,6}{6}\, \times\, 100$$

$$=\, \displaystyle\frac{1}{6}\, \times\, 100\,=\, 16\displaystyle\frac{2}{3}$$ %

$$\therefore$$ there is gain of $$16\displaystyle\frac{2}{3}\%$$

Mathematics

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