Difficulty: Easy
Correct Answer: 33 1/3% gain
Explanation:
Introduction / Context:
Comparing total cost for some units with total selling price for a different number of the same units reveals the SP-to-CP ratio per item. From this ratio we can read off the profit or loss percentage directly.
Given Data / Assumptions:
Concept / Approach:
Let CP per pen be C and SP per pen be S. Then 16C = 12S ⇒ S/C = 16/12 = 4/3. Since S > C, there is a profit. Profit% = (S − C)/C * 100 = (4/3 − 1) * 100 = 1/3 * 100.
Step-by-Step Solution:
From 16C = 12S, S/C = 4/3 ≈ 1.3333.Profit fraction = (4/3 − 1) = 1/3.Profit% = (1/3) * 100 = 33 1/3% gain.
Verification / Alternative check:
Assume C = ₹3 per pen ⇒ 16C = ₹48. Then S = 4/3 * 3 = ₹4 per pen; 12 pens at ₹4 gives ₹48, consistent. Profit per pen = ₹1 on ₹3 ⇒ 33 1/3%.
Why Other Options Are Wrong:
25% gain/loss and 33 1/3% loss contradict S/C = 4/3 > 1.
Common Pitfalls:
Inverting the ratio to 3/4 by mistake or labeling the outcome as loss instead of profit.
Final Answer:
33 1/3% gain
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