What percentage profit is made when the selling price of 12 pens covers the cost price of 27 pens?
Show answer & explanation
Correct answer: A
Explanation
Let the cost price of each pen = ₹1
Cost price of 27 pens = ₹27
Selling price of 12 pens = ₹27
Selling price of 1 pen = 27 / 12 = ₹9/4
Profit = SP − CP = 9/4 − 1 = ₹5/4
Profit percentage = (5/4) × 100 = 125%