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Profit and Loss-Data Intensity 2 :: Discussion
| 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? | |
| A. | Only I is necessary | |
| B. | Only II is necessary | |
| C. | Either I or II is necessary | |
| D. | Both I and II are necessary | |
| 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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