A person buys 12 items for Rs. 10 and sells 10 items for Rs. 12. Find his profit percentage.
A20%
B33.33%
C44%
D50%
Explanation
CP of 1 item = 10 / 12 = Rs. 5/6. SP of 1 item = 12 / 10 = Rs. 6/5. Profit % = [(6/5 – 5/6) / (5/6)] * 100 = [(11/30) / (5/6)] * 100 = (11 / 25) * 100 = 44%.
Exam Relevance
- Topic: Profit and Loss
- Subtopic: Article Rates
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