Multiple choice

By selling 12 articles, a shopkeeper gains a profit equal to the cost price of 2 articles. What is his profit percentage?

  1. 16.66%

  2. 17.14%

  3. 18.28%

  4. 20.33%

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Profit is equal to the cost price of 2 articles. Since the profit is made on 12 articles, the profit percentage is (2/12) * 100 = 16.66%.

AI explanation

Using the profit percentage formula, profit percentage equals profit divided by cost price multiplied by 100. If he sells 12 articles, let the cost price of one article be 1 unit, making the total cost price 12 units. The profit is the cost price of 2 articles, which is 2 units. Therefore, the profit percentage is 2 divided by 12 multiplied by 100, which equals 16.66 percent.

Keep practicing — related questions