Profit and Loss-Data Intensity 4 Questions and Answers Discussion Page.

1.	By selling an article what is the profit percent gained?
	A.	Only I and II
	B.	Only II and III
	C.	Only I and III
	D.	All I, II and III

Answer: Option A

Explanation:

I. Let the list price be Rs. x.

Then, S.P. = 95% of Rs. x = Rs.	(	x x	95	)	= Rs.	19x
			100			20

II. When S.P. = Rs. x and gain = 20%.

Then, C.P. = Rs.	(	100	x x	)	= Rs.	5x
		120				6

Gain =	(	19x	-	5x	)	=	(	57x - 50x	)	=	7x
		20		6				60			60

Gain % =	(	7x	x	6	x 100	)% = 14%.
		60		5x

Thus, I and II only give the answer.

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Published by:Michael Daani

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