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 3 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.
Sandipan Das said:
9 years ago
I think option C is correct.
Pradeep said:
9 years ago
Dear friends,
The question says about "some articles" it does not state the number of the articles. And asking about the total profit the trader make after selling some items. I understand as in sp is 125% of cp and to find profit for a single item the formula is (sp-cp). But to find overall profit we need a number of items sold too. Hence statement 1 and 2 both are necessary requisites.
The question says about "some articles" it does not state the number of the articles. And asking about the total profit the trader make after selling some items. I understand as in sp is 125% of cp and to find profit for a single item the formula is (sp-cp). But to find overall profit we need a number of items sold too. Hence statement 1 and 2 both are necessary requisites.
Sparsh Chandra said:
1 decade ago
@Mustapha said it correct.
If gain is on per article cost then we will need both but if its on whole CP then only 1st is enough.
But we should always remember that in article case price is mostly determined per article not as a whole. So its by general knowledge and so both 1&2 will be answer.
That's what I believe.
If gain is on per article cost then we will need both but if its on whole CP then only 1st is enough.
But we should always remember that in article case price is mostly determined per article not as a whole. So its by general knowledge and so both 1&2 will be answer.
That's what I believe.
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?
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers