Aptitude - Profit and Loss - Discussion
Discussion Forum : Profit and Loss - Data Sufficiency 1 (Q.No. 2)
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. |
Answer: Option
Explanation:
S.P. = Rs. 250 each.
To find gain percent, we must know the C.P. of each.
Correct answer is (B).
Discussion:
27 comments Page 2 of 3.
Yasir said:
8 years ago
I can't understand this problem please any body is here so solve clearly.
Rohit said:
8 years ago
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?
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?
Anish kumar said:
8 years ago
If we have to find the total profit or profit for each toy. Please help me to find the solution.
Ranjeetsinh said:
9 years ago
I agree with you @Om Tripathy.
The answer should be C.
The answer should be C.
Bishnu Gautam said:
1 decade ago
A dealer bought 60 hats at Rs. 25 each. He sold 20 hats at Rs. 35 each and another 20 at Rs. 30 each. At what rate should he sell the remaining hats to make a profit of 20% in the total outlay? Show all the process.
Om Tripathy said:
9 years ago
The answer should be C.
Aryan said:
9 years ago
Gain% = [gain(for n items)/cost price(for n items)] * 100.
So,
Gain% = [gain/cost price] * 100.
Hence number of items don't matter.
So,
Gain% = [gain/cost price] * 100.
Hence number of items don't matter.
Abiy said:
9 years ago
Nice expression to know ambiguity question.
VIKAS said:
9 years ago
How did we come to know all toy having the same CP? It should be C.
Shubham said:
9 years ago
The answer should be C.
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