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 3 of 3.
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)
Nitin said:
2 years ago
If s.p = 130% of c.p then s.p = 1.3c.p.
(s.p-c.p)/c.p * 100.
(1.3cp - c.p) /c.p *100.
Let's cancel c.p.
0.3 * 100.
30% profit gain. So, I think option I only.
(s.p-c.p)/c.p * 100.
(1.3cp - c.p) /c.p *100.
Let's cancel c.p.
0.3 * 100.
30% profit gain. So, I think option I only.
(1)
Nitin said:
2 years ago
If s.p = 130% of c.p then s.p = 1.3c.p
(s.p-c.p)/c.p * 100.
(1.3cp - c.p) /c.p *100.
Let cancelled c.p
0.3*100
30% profit gain I thing option I only.
(s.p-c.p)/c.p * 100.
(1.3cp - c.p) /c.p *100.
Let cancelled c.p
0.3*100
30% profit gain I thing option I only.
(2)
Soumit said:
2 years ago
From the (i) we can make CP = 100 and MP = 130.
From the (iii) we can make SP = 117.
And now we can calculate profit %.
(17/100) * 100 = 17% profit.
From the (iii) we can make SP = 117.
And now we can calculate profit %.
(17/100) * 100 = 17% profit.
(3)
Divya said:
1 year ago
Shouldn't it be B? Please explain.
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