# Aptitude - Profit and Loss

### Exercise :: Profit and Loss - Data Sufficiency 1

1.

 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

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.

2.

 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

Explanation:

S.P. = Rs. 250 each.

To find gain percent, we must know the C.P. of each.