The cost price of 12 articles equals the selling price of 10 articles. What is the profit percent?
A. 25%
B. 20%
C. \(16\frac{2}{3}\)%
D. 18%
A. 25%
B. 20%
C. \(16\frac{2}{3}\)%
D. 18%
Best answer
Answer: B. 20%
Answer: (B) 20%
Shortcut: profit% = \(\frac{12 - 10}{10} \times 100 = 20\%\) (divide by the number sold).
Plain: let each CP = ₹1. SP of 10 = ₹12, so each SP = ₹1.20, a 20% profit.
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