If the cost price of 18 articles is equal to the selling price of 15 articles, then what is the profit percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 20%.
Given, 18CP = 15SP
⇒ CP : SP = 5 : 6
Profit % = [(6 - 5)/5] × 100
⇒ 100/5 = 20%