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If the cost price of 12 articles equals the selling price of 10 articles, the profit percentage is:
A$20\%$
B$16.67\%$
C$25\%$
D$12\%$
Answer & Solution
Correct answer: A. $20\%$
CP of 12 = SP of 10. So CP per article × 12 = SP per article × 10. SP/CP = 12/10 = 1.2. Profit % = 20%.
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