Aptitude - Profit and Loss

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Overview

Important Formulas

Exercise

"The secret to creativity is knowing how to hide your sources."

- Albert Einstein

A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary?
I.
Sale price of the article
II.
Number of articles sold

A.	Only I is necessary
B.	Only II is necessary
C.	Either I or II is necessary
D.	Both I and II are necessary
E.	None of these

A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is/are necessary?
I.
Number of toys sold.
II.
Cost price of each toy.

A.	Only I is necessary
B.	Only II is necessary
C.	Both I and II are necessary
D.	Either I or II ins necessary
E.	None of these