Aptitude - Profit and Loss - Discussion

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"Nothing in life is to be feared, it is only to be understood."

- Marie Curie

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

Answer: Option E

Explanation:

Gain = 25% of C.P.

In order to find gain, we must know the sale price of each article and the number of articles sold.

Correct answer is (D).

Vaishu said: (Thu, Dec 9, 2010 06:49:39 AM)

i think the fist statement is enough for that... is it correct......

Hukum said: (Fri, Jan 7, 2011 05:05:30 AM)

@Vaishu. No. The sales price of each article multiplied with number of articles sold gives the total sales price. Hence the statements 1&2 are necessary.

Sambhav said: (Fri, Jan 13, 2012 06:13:16 PM)

Here we have percentage, So, 125/100*c.p= s.p. Profit = s.p-c.p where we need second answer.

Varsha said: (Thu, Jan 19, 2012 05:50:02 PM)

I think first statement is enough.There is no need of second statement. and moreover s.p=125%C.P I didn't how gain=25%C.P come.

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Aptitude - Profit and Loss - Discussion

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