The selling price of an article is of the cost price. What is the profit percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. .
Given, SP = (13/12)CP
⇒ SP : CP = 13 : 12
Profit % = [(13 - 12)/12] × 100
⇒ 25/3 =