Profit and Loss Data Sufficiency 3 - Aptitude Questions and Answers

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Aptitude :: Profit and Loss

@ : Home > Aptitude > Profit and Loss > Data Sufficiency 3 Directions to Solve Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question. 1. 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.Only I and II B.Only II and II C.Only I and III D.All I, II and III E.None of these Answer & Explanation Answer: Option A Explanation: I. Let the list price be Rs. x.

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Important Formulas

Exercise
General Questions Data Sufficiency 1 Data Sufficiency 2 Data Sufficiency 3 Data Sufficiency 4 "In the middle of difficulty lies opportunity." - Albert Einstein

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Profit and Loss Data Sufficiency 3 - Aptitude Questions and Answers

http://www.indiabix.com/aptitude/profit-and-loss/021001

95 19x Then, S.P. = 95% of Rs. x = Rs. x x = Rs. 100 20 II. When S.P. = Rs. x and gain = 20%. Then, C.P. = Rs. Gain = 100 5x x x = Rs. 120 6

19x 5x 57x - 50x 7x - = = 20 6 60 60 7x 6 x x 100 60 5x % = 14%.

Gain % =

Thus, I and II only give the answer. Correct answer is (A). View Answer Workspace Report Discuss in Forum 2. 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. Only I and II B. Only II and III C. Only I and III D. Any two of the three E. None of these Answer & Explanation Answer: Option E Explanation: I. S.P. = Rs. 12350, Gain = 23.5% C.P. = Rs. 100 x 12350 = Rs. 10,000. 123.5

II. M.P. = 130% of C.P. = 130% of Rs. 10,000 = Rs. 13,000. From I and II, discount = Rs. (13000 - 12350) = Rs. 650. Discount % = 650 x 100 13000 % = 5%.

Thus, I and II give the answer. II and III can not give the answer. Because we require profit percentage with discount and profit percentage without discount. So II and III are not sufficient. Since III gives C.P. = Rs. 10,000, I and III give the answer. Therefore, I and II [or] I and III give the answer. Correct answer is (E). View Answer Workspace Report Discuss in Forum

Read more: Profit and Loss - Important Formulas Profit and Loss - Data Sufficiency 4

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7/9/2013 11:54 AM

Profit and Loss Data Sufficiency 3 - Aptitude Questions and Answers

http://www.indiabix.com/aptitude/profit-and-loss/021001

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