If cost price of 15 items equals selling price of 12 items, find profit percentage.
- A. 25% ✓
- B. 20%
- C. 15%
- D. 30%
Correct answer
A. 25%
Explanation
Let CP of 1 item = 1. CP of 15 = 15 = SP of 12. SP of 1 = 15/12 = 1.25. Profit% = 25%.
A. 25%
Let CP of 1 item = 1. CP of 15 = 15 = SP of 12. SP of 1 = 15/12 = 1.25. Profit% = 25%.