Multiple choice

If the cost price of 16 tables be equal to the selling price of 12 tables, the gain per cent is

  1. 33 1/3%

  2. 20%

  3. 30%

  4. 15%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

16 * CP = 12 * SP. So SP/CP = 16/12 = 4/3. Gain = SP - CP = 1/3 * CP. Gain % = (1/3) * 100 = 33.33%.

AI explanation

Let the cost price of one table be Rs. 1, meaning the cost price of 16 tables is Rs. 16, which equals the selling price of 12 tables. This makes the selling price of one table 16 divided by 12, or Rs. 4/3. Applying the profit percentage formula, we get 1/3 divided by 1 multiplied by 100, resulting in 33 1/3%. The result is 33 1/3%.

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