Correct Answer - Option 1 : 108.33%
Given:
The cost price of 25 articles is equal to the selling price of 12 articles
Formula used/Concept Used:
Profit percentage = (Profit/cost price) × 100
Calculation:
Let the cost price of one article is Rs. 1
∴ Cost price of 25 articles = Rs. 25
Now, the cost price of 25 articles is equal to the selling price of 12 articles
∴ Selling price of 12 articles = Rs. 25
So, the cost price of 12 articles is Rs. 12 and selling price of 12 articles is Rs. 25
∴ Profit percentage = (13/12) × 100 = 108.33%
∴ There is a gain of 108.33%
