Aptitude - Profit and Loss - Discussion
Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.
What was the percentage of discount given? | |
I. | 23.5% profit was earned by selling an almirah for Rs. 12,350. |
II. | If there were no discount, the earned profit would have been 30%. |
III. | The cost price of the almirah was Rs. 10,000. |
I. S.P. = Rs. 12350, Gain = 23.5%
 C.P. = Rs. |
 |
100 | x 12350 |  |
= Rs. 10,000. |
| 123.5 |
II. M.P. = 130% of C.P. = 130% of Rs. 10,000 = Rs. 13,000.
From I and II, discount = Rs. (13000 - 12350) = Rs. 650.
| Discount % = | |
650 | x 100 | % = 5%. |
|
| 13000 |
Thus, I and II give the answer.
II and III can not give the answer. Because we require profit percentage with discount and profit percentage without discount. So II and III are not sufficient.
Since III gives C.P. = Rs. 10,000, I and III give the answer.
Therefore, I and II [or] I and III give the answer.
Correct answer is (E).
I think d answer should be A.
III is just redundant... it may be used it may be left...
so we can find the answer either using I & II or using all the 3 statements
We don't get any idea of discount or marked price by using 1 &3.
Can anyone explain how given ans is correct?
1 and 3 cannot give the result as each one of them just provides the c. P. Not the marked price.
I and III can't give the answer, as we are unable to find the discount from I or/and III.