Aptitude - Profit and Loss - Discussion
Discussion Forum : Profit and Loss - Data Sufficiency 4 (Q.No. 1)
Directions to Solve
Each of these questions is followed by three statements. You have to study the question and all the three statements given to decide whether any information provided in the statement(s) is redundant and can be dispensed with while answering the given question.
1.
What is the percent profit earned by the shopkeeper on selling the articles in his shop? | |
I. | Labeled price of the articles sold was 130% of the cost price. |
II. | Cost price of each article was Rs. 550. |
III. | A discount of 10% on labeled price was offered. |
Answer: Option
Explanation:
I. Let C.P. be Rs. x.
| Then, M.P. = 130% of x = Rs. |  |
13x |  . |
| 10 |
III. S.P. = 90% of M.P.
| Thus, I and III give, S.P. = Rs. | |
90 | x | 13x | |
= Rs. | |
117x | |
| 100 | 10 | 100 |
| Gain = Rs. | |
117x | - x | |
= Rs. | 17x |
| 100 | 100 |
Thus, from I and III, gain % can be obtained.
Clearly, II is redundant.
Discussion:
25 comments Page 2 of 3.
Harsh said:
9 years ago
Since it is asked which is redundant, so the answer should be "B) Only II". Since other two are required to answer.
Onkar said:
3 years ago
Isn't the answer should be B, because statement 2 is redundant and we have to find redundant statements right?
(2)
Chinmaya said:
1 decade ago
Since it is asked which is redundant answer should be "B:Only II". Since other two are required to answer.
Madhav said:
10 years ago
Shikha.
You have calculated discount on CP but, it should be on labeled price.
So (1.3)*(.9) = 1.17.
You have calculated discount on CP but, it should be on labeled price.
So (1.3)*(.9) = 1.17.
Chandra shekar said:
1 decade ago
I'm getting confused always, dozens, quantal, real etc, please give the details for that sir.
Divyanshu said:
8 years ago
But in question what asked is that which option is redundent so option 2 should be correct.
Sunil said:
7 years ago
No, Option 2 is correct because it's been asked redundant one.
Raghu said:
1 decade ago
Statement 2 did not mention no of articles so redundant.
Yash said:
4 years ago
No @Showry.
The p% is 107%.
(588.5*100)/550 = 107%.
The p% is 107%.
(588.5*100)/550 = 107%.
Muni said:
1 decade ago
I agree with this.
Profit is 17% of it's cost.
Profit is 17% of it's cost.
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