Verified answer

Answer:

Gain

33 1/3%

Let the cost of an article be ₹1.

∴ cost of 16 articles = ₹16

Given that cost of 16 articles = S.P of 12 articles

⇒S.P of 12 articles = ₹16 and

cost of 12 articles = ₹12

∴ Gain on 12 articles = ₹16 - ₹12 = ₹4

⇒Gain on 1 article = ₹ 4/12 = ₹ 1/3

= 13×100=33 1/3%

Step-by-step explanation:

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