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# Aptitude - Profit and Loss

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### Exercise

"If you judge people, you have no time to love them."
- Mother Teresa

Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.

1.

 By selling an article what is the profit percent gained? I. 5% discount is given on list price. II. If discount is not given, 20% profit is gained. III. The cost price of the articles is Rs. 5000.

 A. Only I and II B. Only II and II C. Only I and III D. All I, II and III E. None of these

2.

 What was the percentage of discount given? I. 23.5% profit was earned by selling an almirah for Rs. 12,350. II. If there were no discount, the earned profit would have been 30%. III. The cost price of the almirah was Rs. 10,000.

 A. Only I and II B. Only II and III C. Only I and III D. Any two of the three E. None of these