By selling 168 Pens a shopkeeper gains the of CP of 14 pen. Find his Gain %?Options5%9.38%8.33%7.14%

The problem states that by selling 168 pens, the shopkeeper gains the cost price (CP) of 14 pens.

Step 1: We can infer from this that the selling price (SP) of 168 pens is equal to the cost price of 168 pens + the cost price of 14 pens.

Step 2: To find the gain percentage, we need to know the gain and the cost price. The gain is the cost price of 14 pens.

Step 3: The gain percentage is calculated as (Gain/CP)*100. Here, the CP is the cost price of 168 pens (since that's the number of pens he actually sold).

Step 4: So, the gain percentage is (CP of 14 pens / CP of 168 pens) * 100.

Step 5: Simplifying this, we get (14/168)*100 = 8.33%.

So, the shopkeeper's gain percentage is 8.33%. The correct option is 8.33%.