Profit and Loss-Data Intensity 5 Questions and Answers Discussion Page.

1.	What is the percent profit earned by the shopkeeper on selling the articles in his shop?
	A.	Only I
	B.	Only II
	C.	I and III
	D.	All of above

Answer: Option C

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.

Tutorial Link:

Published by:Michael Daani

PakMCQs.net

Computer Science Civil Engineering

Networking Electronics Database

Model Papers FPSC Papers