To solve this problem, we need to understand that the shopkeeper gains the cost price (CP) of 14 pens by selling 168 pens. This means that the gain is equivalent to the cost of 14 pens.

Step 1: We first find out the cost price of one pen. Since the gain from selling 168 pens is equivalent to the cost of 14 pens, the cost price of one pen is the gain divided by 14.

Step 2: We then calculate the gain percentage. The formula for gain percentage is (Gain/CP) * 100.

Since the gain is equivalent to the cost of 14 pens, the gain percentage is (14/168) * 100 = 8.33%.

So, the correct answer is 8.33%.

Question

To solve this problem, we need to understand that the shopkeeper gains the cost price (CP) of 14 pens by selling 168 pens. This means that the gain is equivalent to the cost of 14 pens.

Step 1: We first find out the cost price of one pen. Since the gain from selling 168 pens is equivalent to the cost of 14 pens, the cost price of one pen is the gain divided by 14.

Step 2: We then calculate the gain percentage. The formula for gain percentage is (Gain/CP) * 100.

Since the gain is equivalent to the cost of 14 pens, the gain percentage is (14/168) * 100 = 8.33%.

So, the correct answer is 8.33%.

Knowee AI · Accepted Answer

To solve this problem, we need to understand that the shopkeeper gains the cost price (CP) of 14 pens by selling 168 pens. This means that the gain is equivalent to the cost of 14 pens.

Step 1: We first find out the cost price of one pen. Since the gain from selling 168 pens is equivalent to the cost of 14 pens, the cost price of one pen is the gain divided by 14.

Step 2: We then calculate the gain percentage. The formula for gain percentage is (Gain/CP) * 100.

Since the gain is equivalent to the cost of 14 pens, the gain percentage is (14/168) * 100 = 8.33%.

So, the correct answer is 8.33%.

Select the correct answerBy selling 168 Pens a shopkeeper gains the of CP of 14 pen. Find his Gain %?Options8.33%7.14%5%9.38%

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