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.
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.
Samlikha said:
5 years ago
@Sanjeev Gurung .
Thank you so much your explanation was very clear and to the point.
How would one find the exact c.p?
Thank you so much your explanation was very clear and to the point.
How would one find the exact c.p?
Akshay said:
9 years ago
Answer should be c. Because they said shopkeeper sells some toys. So total profit is to be calculated.
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.
Aman said:
8 years ago
It didn't mention that whether we have to find total profit% or profit% on each toy.
(2)
Utsav said:
9 years ago
Am I asked to calculate net profit % or profit % per toy? How to understand this?
Jayant said:
8 years ago
What if cost price is 10 rs per piece then how one can calculate profit%?
(1)
Yasir said:
8 years ago
I can't understand this problem please any body is here so solve clearly.
VIKAS said:
9 years ago
How did we come to know all toy having the same CP? It should be C.
Suresh said:
9 years ago
I can't understand it. Please explain how B is the answer?
(1)
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