Home › CAT › Quantitative Aptitude › Profit and Loss › If the cost price of 12 articles equals the sell…
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%.
Related questions
Oscar buys a barbecue discounted 65% from an original price of $395. The sale price is:Sergio buys a belt discounted 40% from an original price of $29. The discount is:Jim's music store buys a guitar at $1,200 and marks it up 50%. The mark-up is:With a $100 mark-up on a $250 photograph, the list price is:Adam buys a photograph at $250 and marks it up 40%. The mark-up is:The list price should always be:The price a retailer pays for an item is called the:With a $17.05 discount on a $31 swimsuit, the discount rate is: