Profit and Loss-Data Intensity 3 Multiple Questions and Answers.
Exercise Questions ::
Profit and Loss
| 1. | A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage.? |
| I. The rate of X is Rs. 20 per kg.
II. The rate of Y is Rs. 13 per kg. |
| A. | I alone sufficient while II alone not sufficient to answer |
| B. | II alone sufficient while I alone not sufficient to answer |
| C. | Either I or II alone sufficient to answer |
| D. | Both I and II are not sufficient to answer |
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| Answer: Option D |
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| Explanation: |
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The ratio, in which X and Y are mixed, is not given.
So, both I and II together cannot give the answer. |
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Tutorial Link: |
Published by:Michael Daani
| 2. | By selling a product with 20% profit, how much profit was earned? |
| I. The difference between cost and selling price is Rs. 40.
II. The selling price is 120 percent of the cost price. |
| A. | I alone sufficient while II alone not sufficient to answer |
| B. | II alone sufficient while I alone not sufficient to answer |
| C. | Either I or II alone sufficient to answer |
| D. | Both I and II are not sufficient to answer |
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| Answer: Option D |
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| Explanation: |
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Gain = 20%
I. Profit = (S.P.) - (C.P.) = Rs. 40.
Thus, I give the answer. But, II does not give the answer. |
| See More Information |
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Tutorial Link: |
Published by:Michael Daani
