A) \[12\frac{1}{2}%\]
B) \[13\frac{1}{7}%\]
C) \[14\frac{2}{7}%\]
D) \[87\frac{1}{2}%\]
Correct Answer: C
Solution :
Let cost price of 1 dozen pencil \[Rs.\,x.\] \[\therefore \] Selling price of 8 dozen pencils \[=Rs.\,8x\] and profit \[=Rs.\,x\] \[\Rightarrow \] Cost price of 8 dozen pencils \[=Rs.\,7x\] \[\therefore \] Gain, per cent\[=\frac{x}{7x}\times 100%=14\frac{2}{7}%\]You need to login to perform this action.
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