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Profit on selling article at ₹1200 with cost price ₹1000:

A25%
B20% (= 200/1000 × 100)
C12%
D10%
Answer & Solution
Correct answer: B. 20% (= 200/1000 × 100)
Profit = 1200 - 1000 = ₹200. Profit % = (Profit/CP) × 100 = 200/1000 × 100 = 20%.
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