Question

If the cost price of 18 eggs is equal to the selling price of 16 eggs, find his gain or loss per cent

Answer 1

Let the Cost Price of 1 item = Re. 1
Cost Price of 16 items = 16
Selling Price of 16 items = 18

Gain = 18 - 16= Rs 2

Gain % = (2/16)* 100 = 12.5%