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.
Kundan said:
1 decade ago
I also think that statement 1 is enough. Because the profit or loss mainly depends on the sales price and cost price.
Shetty said:
1 decade ago
We need both the cases as we are not calculating profit on single article no.of article*sales gives total C. P.
Kumar harsha said:
1 decade ago
Let SP = 100.
CP = (100*100)/125 = 80.
Profit = 20 which is exact amount of profit. So statement I is enough.
CP = (100*100)/125 = 80.
Profit = 20 which is exact amount of profit. So statement I is enough.
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 ?
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.
Rakesh Pandit said:
9 years ago
Both statements are necessary because we have to calculate s.p. and c.p. of one article first.
Vivek said:
10 years ago
I think only 1st statement is enough. No need of 2nd statement.
Vaishu said:
1 decade ago
I think the first statement is enough for that.
Is it correct?
Is it correct?
(1)
Goutam said:
3 years ago
I think option A is the right answer.
(15)
Priyanka said:
7 years ago
I think the 1st option is valid.
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers