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.
Vivek said:
10 years ago
I think only 1st statement is enough. No need of 2nd statement.
Dwarakaprasad Deshpande said:
10 years ago
According to me Answer is "E". Without C.P we cannot find either profit or loss. "Gain & loss is always reckoned on C.P".
And in this case there is no C.P specified. They have just stated it as original price.
And in this case there is no C.P specified. They have just stated it as original price.
Riham said:
10 years ago
Let's assume that number of articles sold are 5.
Sale price of the article is 1.5.
Then total sale is 1.5*5 = 7.5 with profit 25%.
= 25*7.5/100 = 30.
The exact amount of profit is 30.
Sale price of the article is 1.5.
Then total sale is 1.5*5 = 7.5 with profit 25%.
= 25*7.5/100 = 30.
The exact amount of profit is 30.
Namya said:
9 years ago
I also think that the 1st Statement is enough for knowing the answer because we have to know only exact profit amount rather than profit amount on each article.
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