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 2 of 5.
Vivek said:
8 years ago
To understand the above problem effectively, we have to consider the formula,
i.e gain% =gainx100/C. P
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% =gainx100/C. P
Put 25 in place of gain% as given in the
question.
Then, gain = (25/100) * C. P.
Hence, gain= 25%of C. P.
Debolina Sarkar said:
8 years ago
Both the statements are required because here we are looking out for the "exact amount of profit ", not the profit percentage.
Avinash S Rathod said:
8 years ago
While Finding Exact Amount Of Articles We Should Know How Much Article Is Been Sold.
While Finding CP We Should Know The SP.
So D Option Is Correct Statement.
While Finding CP We Should Know The SP.
So D Option Is Correct Statement.
Gaurav Mittal said:
8 years ago
Both statements are required to answer the question because in question it is saying 'some' and in this questions, there is nowhere mention that each article has the same price. That's why both articles are required for the answer this question!
Hope you have understood.
Hope you have understood.
Sai reddy said:
8 years ago
We need both statements because in a problem we need to find out the exact amount of profit.
p = 1/4cp
sp = cp+1/4cp=5cp/4=>(1).
Let us assume sale price of an article be 60RS
Substitute in (1)
60=5cp/4=>cp=48.
Therefore profit =12 for one article only,
But we need to find out the total amount of profit for n articles=> total profit=12*n.
Therefore both statements are necessary.
p = 1/4cp
sp = cp+1/4cp=5cp/4=>(1).
Let us assume sale price of an article be 60RS
Substitute in (1)
60=5cp/4=>cp=48.
Therefore profit =12 for one article only,
But we need to find out the total amount of profit for n articles=> total profit=12*n.
Therefore both statements are necessary.
Shatrujeet said:
8 years ago
Go either with the whole number of article or go with per article, both are the same thing unless each article didn't get sold for the same price. So, the 1st statement is enough to give the answer, since SP=125%of CP will give CP if SP is given.
Then exact profit can be calculated. Profit for a single article is same as the profit for the whole article.
Then exact profit can be calculated. Profit for a single article is same as the profit for the whole article.
Divyam Sharma said:
8 years ago
Only 1st statement is sufficient for this.
Let c.p = 100x
Profit = 25x
SP = 125x
So, if we have s.p then just compare it with s.p=125x.
Find x and then profit. You will get it.
Let c.p = 100x
Profit = 25x
SP = 125x
So, if we have s.p then just compare it with s.p=125x.
Find x and then profit. You will get it.
Aman singh said:
8 years ago
In the question, they ask only total profit so we need only 1st statement.
We need both statements when they ask the profit of each article.
We need both statements when they ask the profit of each article.
TANWEER said:
8 years ago
If I bought 4 articles for rs400 and sold it for rs 500 then my total profit would be 25% and if I calculate it for each of the articles I'll 25% profit on each so there would be no need of no of articles to calculate CP. As 25% gain is liable to calculate.
Solve this.
Solve this.
Sandipan Das said:
9 years ago
I think option C is correct.
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