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 sold
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.
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 necessary
Answer: Option B
Explanation:
S.P. = Rs. 250 each.
To find gain percent, we must know the C.P. of each.
