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.
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.
NIKITA said:
1 decade ago
But SP= 125% of CP from this we get the total SP and total CP for all the articles. Hence SP-CP will give the overall profit. Why do we need the 2nd statement?
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.
Abhijeet said:
6 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)
Rahul said:
1 decade ago
Why 2nd statement is required ?
Here we are finding out the exact profit on the sold of whole article. Question is not asking per article profit.
Here we are finding out the exact profit on the sold of whole article. Question is not asking per article profit.
Aman singh said:
9 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.
(1)
Roshani said:
7 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)
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.
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.
RCk said:
1 decade ago
Just concentrate on the word "some". Question is not asking about profit of 1 article. That's Why we need both statements.
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