Discussion :: Profit and Loss
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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.
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A.
Only I is necessary |
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B.
Only II is necessary |
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C.
Either I or II is necessary |
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D.
Both I and II are necessary |
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E.
None of these |
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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.
Correct answer is (D).
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