By selling 12 articles, a shopkeeper gains a profit equal to the cost price of 2 articles. What is his profit percentage?
Explanation:
Assume CP of one article as Re 1.
So, by selling 12 articles (worth Rs. 12), he can make a profit of Rs. 2.
So, profit% = 2/12 × 100 = 16.66%
Hence, option (a).
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