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 5 of 5.
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.
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.
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.
Vaishu said:
1 decade ago
I think the first statement is enough for that.
Is it correct?
Is it correct?
(1)
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