Step 1: Classic (Stern) formula.
\(\displaystyle IQ = \frac{MA}{CA} \times 100\). If a 10-year-old performs at 12-year level, \(IQ=120\).
Step 2: Why others are wrong.
(A) inverts the ratio; (C) is meaningless; (D) is false because (B) is correct.
Step 3: Conclude.
\[
\boxed{\text{(Mental Age / Chronological Age) × 100 (Option B).}}
\]