Discussion :: Profit and Loss
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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
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A.
Only I is necessary |
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B.
Only II is necessary |
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C.
Both I and II are necessary |
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D.
Either I or II ins necessary |
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E.
None of these |
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Answer : Option B
Explanation :
S.P. = Rs. 250 each.
To find gain percent, we must know the C.P. of each.
Correct answer is (B).
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