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 3 of 3.
Akshay said:
9 years ago
Answer should be c. Because they said shopkeeper sells some toys. So total profit is to be calculated.
Utsav said:
9 years ago
Am I asked to calculate net profit % or profit % per toy? How to understand this?
Abhijeet Kamble said:
1 decade ago
@Himanshu you are correct in this one!
The option is "Cost price of each toy".
How do we suppose to take the number of toys in this case if its not mentioned in the question?
The option is "Cost price of each toy".
How do we suppose to take the number of toys in this case if its not mentioned in the question?
Rahul Sanghi said:
1 decade ago
In problem it is mention as "A shopkeeper sells some toys at Rs. 250 each.".
Considering the word "each" which means he is selling n no. of toys @ Rs.250 per toy.
So there is no need of total no. of toys to calculate profit %.
Considering the word "each" which means he is selling n no. of toys @ Rs.250 per toy.
So there is no need of total no. of toys to calculate profit %.
Himanshu said:
1 decade ago
Here cost price of each toy is mentioned. So I think if we want to calculate total C.P. Then no.of toy is also require. Please suggest me.
Varsha said:
1 decade ago
@chandan.
Simple explanation. I Think its correct.
Simple explanation. I Think its correct.
Chandan said:
1 decade ago
CP of 60 hats = 60*25 = 1500
20% gain on this means ,he should get 1800
He sold 20 at 35rs = 700
He sold another 20 at 30 = 600
Total he has is 1300rs
He should get [1800-1300]500rs more to reach 1800 and make 20% profit
hence he has to sell the left 20 hats to get 500
500/20 = 25rs each
20% gain on this means ,he should get 1800
He sold 20 at 35rs = 700
He sold another 20 at 30 = 600
Total he has is 1300rs
He should get [1800-1300]500rs more to reach 1800 and make 20% profit
hence he has to sell the left 20 hats to get 500
500/20 = 25rs each
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