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If the cost price of 15 articles is equal to the selling price of 12 articles, then what is the profit percentage?
  • a)
    10
  • b)
    20
  • c)
    25
  • d)
    15
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
If the cost price of 15 articles is equal to the selling price of 12 a...
Let the CP of one article be x
Then the CP of 15 articles = 15x
It is given that, Cost price of 15 articles = Selling price of 12 articles
⇒ SP of 12 articles = 15x
And the CP of 12 articles = 12x
Profit = SP - CP
Profit = 15x - 12x = 3x
Profit% = (Profit × 100)/CP
⇒ P% = (3x × 100)/12x = 25%
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If the cost price of 15 articles is equal to the selling price of 12 articles, then what is the profit percentage?a)10b)20c)25d)15Correct answer is option 'C'. Can you explain this answer?
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