Correct Answer - Option 2 : 37.5
CP = Cost Price
SP = Selling Price
Now, SP of 888 articles = CP of 1221 articles
⇒ SP/CP = 1221/888
⇒ SP/CP = 11/8
Here, SP > CP
So, Profit % = [(SP – CP)/CP] × 100
⇒ Profit% = [(11 – 8)/8] × 100
⇒ Profit% = 3/8 × 100
⇒ Profit% = 37.5%