Practice mode / Profit and Loss What was the percentage of discount given? I. 23.5% profit was earned by selling an almirah for Rs. 12,350. II. If there were no discount, the earned profit would have been 30%. III. The cost price of the almirah was Rs. 10,000. A Option A: Only I and II B Option B: Only II and III C Option C: Only I and III D Option D: Any two of the three E Option E: None of these Correct answer E. None of these Show answer Report a problem How we write and check questions
Question 01 / Profit and Loss 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. A Option A: Only I and II B Option B: Only II and III C Option C: Only I and III D Option D: All I, II and III E Option E: None of these Correct answer A. Only I and II Show answer Open question
Question 02 / Profit and Loss 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 Option A: I alone sufficient while II alone not sufficient to answer B Option B: II alone sufficient while I alone not sufficient to answer C Option C: Either I or II alone sufficient to answer D Option D: Both I and II are not sufficient to answer E Option E: Both I and II are necessary to answer Correct answer B. II alone sufficient while I alone not sufficient to answer Show answer Open question
Question 03 / Profit and Loss 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 Option A: I alone sufficient while II alone not sufficient to answer B Option B: II alone sufficient while I alone not sufficient to answer C Option C: Either I or II alone sufficient to answer D Option D: Both I and II are not sufficient to answer E Option E: Both I and II are necessary to answer Correct answer B. II alone sufficient while I alone not sufficient to answer Show answer Open question
Question 04 / Profit and Loss 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 Option A: Only I is necessary B Option B: Only II is necessary C Option C: Both I and II are necessary D Option D: Either I or II ins necessary E Option E: None of these Correct answer B. Only II is necessary Show answer Open question
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