Aptitude - Profit and Loss - Discussion
Discussion Forum : Profit and Loss - Data Sufficiency 1 (Q.No. 1)
1.
A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary? | |
I. | Sale price of the article |
II. | Number of articles sold |
Answer: Option
Explanation:
Gain = 25% of C.P.
In order to find gain, we must know the sale price of each article and the number of articles sold.
Correct answer is (D).
Discussion:
44 comments Page 1 of 5.
Shailendra Yadav said:
1 year ago
To understand the above problem effectively, we have to consider the formula,
i.e gain% = gain x 100/C. LP
Put 25 in place of gain% as given in the question.
Then, gain = (25/100) * C.P.
Hence, gain= 25% of C.P.
i.e gain% = gain x 100/C. LP
Put 25 in place of gain% as given in the question.
Then, gain = (25/100) * C.P.
Hence, gain= 25% of C.P.
(6)
Goutam said:
3 years ago
I think option A is the right answer.
(15)
L. S ENTERTAINMENT said:
5 years ago
Let c.p for each article be 100.
Then 25% profit of 100 (c.p) = 100+25/100*100.
= 125 ( s.p of single/each article).
P = 125-100 (s.p-c.p) = (25 profit from single artice).
A/q,
We need to find the exact amount of profit.
Let say 5 article were sold.
Therefore profit = 5 * 25 = 125 total profit.
Therefore we need both s.p and number of article to find the total profit.
Then 25% profit of 100 (c.p) = 100+25/100*100.
= 125 ( s.p of single/each article).
P = 125-100 (s.p-c.p) = (25 profit from single artice).
A/q,
We need to find the exact amount of profit.
Let say 5 article were sold.
Therefore profit = 5 * 25 = 125 total profit.
Therefore we need both s.p and number of article to find the total profit.
(8)
Abdur Rahman said:
5 years ago
Option A is right.
(3)
Abhijeet said:
5 years ago
Bt its not really required to know the number of articles sold. All you need to know to find is it's cp which can b done even by only knowing the sp.
(4)
VineethaAlexander said:
6 years ago
May be 1st statement is enough.
(4)
Roshani said:
6 years ago
The first statment is enough to find the exact amount of profit.
cp=100/(100+gain%)*sp.
once we get sp then;
profit = sp - cp.
cp=100/(100+gain%)*sp.
once we get sp then;
profit = sp - cp.
(2)
Anonymous said:
7 years ago
Here, we have to find "Exact amount of profit".
By doing 25%CP we get profit on a single article, so we must know the "number of articles" to find total profit.
By doing 25%CP we get profit on a single article, so we must know the "number of articles" to find total profit.
(1)
Priyanka said:
7 years ago
I think the 1st option is valid.
Prasanna said:
7 years ago
Assume any value of sp take 100 solve it neglecting the no of articles fact. You will end getting a profit of 25% anyway. Why do I need then both the statements?
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers