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 4 of 5.
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.
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.
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:
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?
Priyanka said:
7 years ago
I think the 1st option is valid.
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)
Roshani said:
6 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)
VineethaAlexander said:
6 years ago
May be 1st statement is enough.
(4)
Abhijeet said:
5 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)
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