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.
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.
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.
Prasanna said:
8 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?
Priyanka said:
8 years ago
I think the 1st option is valid.
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.
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