By selling an article what is the profit percent gained? I. 5% discount is given on list price. II. If discount is not given, 20% profit is gained. III. The cost price of the articles is Rs. 5000.
Correct answer A. Only I and II
Tip: press A, B, C or D to answer, and N for the next question.
Advertisement
More Profit and Loss questions
See allBy 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.
Correct answer B. II alone sufficient while I alone not sufficient to answer
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.
Correct answer B. II alone sufficient while I alone not sufficient to answer
Advertisement
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.
Correct answer B. Only II is necessary
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
Correct answer D. Both I and II are necessary
Discussion