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.
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.
Dwarakaprasad Deshpande said:
10 years ago
According to me Answer is "E". Without C.P we cannot find either profit or loss. "Gain & loss is always reckoned on C.P".
And in this case there is no C.P specified. They have just stated it as original price.
And in this case there is no C.P specified. They have just stated it as original price.
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)
MRITYUNJAY said:
10 years ago
Carefully read the question, there mentioned some of the total article he sells with profit 25%, to find exact (total) amount of profit we need to no the number of article sold, which is mentioned in statement 2.
Riham said:
10 years ago
Let's assume that number of articles sold are 5.
Sale price of the article is 1.5.
Then total sale is 1.5*5 = 7.5 with profit 25%.
= 25*7.5/100 = 30.
The exact amount of profit is 30.
Sale price of the article is 1.5.
Then total sale is 1.5*5 = 7.5 with profit 25%.
= 25*7.5/100 = 30.
The exact amount of profit is 30.
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.
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)
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?
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.
Namya said:
9 years ago
I also think that the 1st Statement is enough for knowing the answer because we have to know only exact profit amount rather than profit amount on each article.
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