College of Admission Tests Multan

Profit and Loss

Solve the question of and select the option from the choices A through D/E. Check your Answer and view the explanation.

Question: 10

If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?
  • 12%
  • 30%
  • 50%
  • 60%

  Show/Hide Explanation 

Correct Answer: C

Let the cost price of 1 pen is Rs. 1

Cost of 8 pens = Rs. 8

Selling price of 8 pens = 12

Gain = 12 - 8 = 4

Gain% = Gain Cost × 100 % = 4 8 × 100 % = 50%