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.
Vaishu said:
1 decade ago
I think the first statement is enough for that.
Is it correct?
Is it correct?
(1)
Hukum said:
1 decade ago
@Vaishu.
No. The sales price of each article multiplied with number of articles sold gives the total sales price.
Hence the statements 1&2 are necessary.
No. The sales price of each article multiplied with number of articles sold gives the total sales price.
Hence the statements 1&2 are necessary.
Sambhav said:
1 decade ago
Here we have percentage,
So, 125/100*c.p= s.p.
Profit = s.p-c.p
where we need second answer.
So, 125/100*c.p= s.p.
Profit = s.p-c.p
where we need second answer.
Varsha said:
1 decade ago
I think first statement is enough.There is no need of second statement.
and moreover s.p=125%C.P
I didn't how gain=25%C.P come.
and moreover s.p=125%C.P
I didn't how gain=25%C.P come.
Dinku said:
1 decade ago
Here we dint ask to find profit per article. I think there is no need of second statement. What you say guys ?
Ragini said:
1 decade ago
It says profit=25% on original price not 25% of original price.
Then how come profit=25% of CP.
It should be just 25%.
And indeed no need of 2nd statement.
Then how come profit=25% of CP.
It should be just 25%.
And indeed no need of 2nd statement.
Rusted said:
1 decade ago
Shopkeeper sells "some" articles.
So to know "exact amount of profit" we need to know no. of articles. 2nd statement is not needed if profit per article is to be calculated.
@Dinku : Total Profit = profit per article * no. of articles.
@Raghini : 25% of what?
So to know "exact amount of profit" we need to know no. of articles. 2nd statement is not needed if profit per article is to be calculated.
@Dinku : Total Profit = profit per article * no. of articles.
@Raghini : 25% of what?
Shetty said:
1 decade ago
We need both the cases as we are not calculating profit on single article no.of article*sales gives total C. P.
NIKITA said:
1 decade ago
But SP= 125% of CP from this we get the total SP and total CP for all the articles. Hence SP-CP will give the overall profit. Why do we need the 2nd statement?
AnukulMoon said:
1 decade ago
First Statement is enough right?
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