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.
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)
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)
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)
Abdur Rahman said:
5 years ago
Option A is right.
(3)
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)
Vaishu said:
1 decade ago
I think the first statement is enough for that.
Is it correct?
Is it correct?
(1)
Kiran kumar said:
9 years ago
The concept is, whatever gain % you get for one article is the same gain % on selling all the article. This is because the margin for one article is same as the margin for all the articles added up. And here the number of articles doesn't matter and the reason is explained as above. Thus only statement 1 is enough for this question.
The correct explanation for why statement 2 is not required is as explained above.
The correct explanation for why statement 2 is not required is as explained above.
(1)
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)
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