Selling price of 12 articles is equal to cost price of 8 articles. Find profit or loss percentage.
Answer & explanation
Correct answer: option 2
S.P. of 12 = C.P. of 8
C.P : S.P. = 12 : 8
Loss = 4
Loss Percent = \(\frac{4}{12}\) × 100% = 33 \(\frac{1}{3}\) % = 33.33%