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.

Only I is necessary
Only II is necessary
Both I and II are necessary
Either I or II ins necessary
None of these
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.

Ranjeetsinh said:   9 years ago
I agree with you @Om Tripathy.

The answer should be C.

Varsha said:   1 decade ago
@chandan.

Simple explanation. I Think its correct.

Avinash said:   9 years ago
@Chandan.

Simple explanation, I agree with you.
(2)

Abiy said:   9 years ago
Nice expression to know ambiguity question.

Balvant said:   9 years ago
I agree with the given answer, i.e B.

Shubham said:   9 years ago
The answer should be C.

Om Tripathy said:   9 years ago
The answer should be C.


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