7/30/2019 Profit and Loss Data Sufficiency 1

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Aptitude :: Profit and Loss

@ : Home > Aptitude > Profit and Loss > Data Sufficiency 1

Overview

Important Formulas

Exercise

General Questions

Data Sufficiency 1

Data Sufficiency 2

Data Sufficiency 3

Data Sufficiency 4

"The secret to creativity is knowing how to hide your

sources."

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 soldA. Only I is necessary

B. Only II is necessary

C. Either I or II is necessaryD. Both I and II are necessary

E. None of these

Answer & Explanation

Answer: Option D

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).

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2. A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To

find the answer, which of the following information given in Statements I and II is/are

necessary?

I. Number of toys sold.

II. Cost price of each toy.

A. Only I is necessary

B. Only II is necessary

C. Both I and II are necessary

D. Either I or II ins necessaryE. None of these

Answer & Explanation

Answer: Option B

Explanation:

S.P. = Rs. 250 each.

To find gain percent, we must know the C.P. of each.

Correct answer is (B).

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Read more:

Profit and Loss - Important Formulas

Profit and Loss - Data Sufficiency 2

Profit and Loss - Data Sufficiency 3Profit and Loss - Data Sufficiency 4

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