Aptitude - Profit and Loss

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Overview

Important Formulas

Exercise

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

- Mother Teresa

Directions to Solve

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.

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

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