The cost price of 12 fans is equal to the selling price of 16 fans. Find the gain or loss percentage

  • 1
Let the cost price be any multiple of 12.
Cost Price = Rs.60(assumed)
Cost of 1 fan = Rs.5
Selling price = 16*5
                     = Rs.80
Profit =  Rs.20
Profit percent = 20*100/60
                      =33.333333 percent profit
  • 2
What are you looking for?