Cost price of 12 pens is equal to the selling price of 8 pens. Find the profit percentage.

- 50%
- 48%
- 45%
- 60%

Option 1 : 50%

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**Given:**

Cost price of 12 pens is equal to the selling price of 8 pens.

**Formula used:**

Profit = selling price - cost price

Profit% = profit/cost price × 100

**Calculation:**

Let cost price of 1 pen = Rs 1

Cost price of 12 pens = Selling price of 8 pens = Rs 12

Cost price of 8 pens = Rs 8

Profit = Rs (12 - 8) = Rs 4

Profit% = 4/8 × 100

⇒ profit% = 50%

**∴ profit% is 50%**

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