Correct option is A
Given:
Cost price (CP) of 12 items is equal to the Selling price (SP) of 6 items.
Formula Used:
Profit Percentage =
Solution:
Let the Cost Price of 1 item be CP
Let the Selling Price of 1 item be SP
According to the given condition:
Rearranging the ratio of SP to CP:
This means if Cost Price is 1 unit, Selling Price is 2 units.
Profit earned is:
Profit=SP-CP
Profit=2-1=1
Now, calculate the profit percentage:
Profit
Profit%=100
Final Answer
So the correct answer is (a)