Aptitude - Profit and Loss - Discussion

The selling price of each toy is given. So the Cost price of each toy is what we need to find.

Profit% formula is [ (Profit of each toy)/(Cost price of each toy)] × 100.

In this question, as it is not mentioned that each toy will have the same CP, the CP of each toy may be different.

Hence only the CP of each toy is necessary to calculate the Selling price.

@Sanjeev Gurung .

Thank you so much your explanation was very clear and to the point.

How would one find the exact c.p?

In this question, they have mentioned S.P of some toys is Rs.250 they did not mention as S.P of one toy is Rs.250. Even if we have a cost price of one toy we can't find the profit per cent since we don't know the selling price of one toy. So, I think option C is correct.

Explanation:

@Yasir maybe it would help:

First of all, we need to find gain%, not the gain amount. So there is no need of count of toys as far we have SP and CP of one toy. Let's go with the example below:

Let's assume CP of 1 toy = 200.
And SP of 1 toy= 250.
So, gain% = (250- 200)/200*100= 25 %.
If we raise the no of toys i.e 2,3,5. So on,
Now, CP of 2 toys= 200*2= 400,
And SP of 2 toys= 250*2= 500,
Gain%. = (500-400)/400*100= 25%.
So, basically, %age would remain the same for any number of item sold and it is the gain or loss amount that changes.

I can't understand this problem please any body is here so solve clearly.

What if cost price is 10 rs per piece then how one can calculate profit%?

It didn't mention that whether we have to find total profit% or profit% on each toy.

Answer is B. No need to find a number of toys. Without this, we can calculate profit %.

Lets say for 1 toy sp=250. Cp=225 profit % =25/225*100=11.111.

Lets say for 5 toys sp=250*5=1250, cp=5*225. Profit=125. Profit% =125/1125*100=11.11.

So it does not matter to consider a number of toys as profit percent is independent of it.

Agree?

If we have to find the total profit or profit for each toy. Please help me to find the solution.