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

The problem states that by selling 168 pens, the shopkeeper gains the cost price (CP) of 14 pens. This means that the profit is equivalent to the cost of 14 pens.

Step 1: We need to find the cost price of one pen. Since the profit from selling 168 pens is the same as the cost of 14 pens, we can say that the cost of one pen is Profit/14.

Step 2: The profit percentage is calculated by dividing the profit by the cost price and multiplying by 100. In this case, the profit is the cost of 14 pens and the cost price is the cost of 168 pens.

So, the profit percentage is (Profit / CP) * 100 = (14 / 168) * 100 = 8.33%

Therefore, the shopkeeper's gain percentage is 8.33%. The correct option is 1) 8.33%.