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Aptitude :: Profit and Loss

@ : Home > Aptitude > Profit and Loss > Data Sufficiency 4

Overview

Important Formulas

Exercise

General Questions

Data Sufficiency 1

Data Sufficiency 2

Data Sufficiency 3

Data Sufficiency 4

"In the middle of difficulty lies opportunity."

Directions to Solve

Each of these questions is followed by three statements. You have to study the question

and all the three statements given to decide whether any information provided in the

statement(s) is redundant and can be dispensed with while answering the given question.

1. What is the percent profit earned by the shopkeeper on selling the articles in his

shop?I. Labeled price of the articles sold was 130% of the cost price.

II. Cost price of each article was Rs. 550.

III. A discount of 10% on labeled price was offered.

A. Only I

B. Only II

C. I and III

D. All the three are required

E. Question cannot be answer even with information in all the three statements.

Answer & Explanation

Answer: Option C

Explanation:

and Loss Data Sufficiency 4 - Aptitude Questions and Answers http://www.indiabix.com/aptitude/profit-and-los

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I. Let C.P. be Rs. x.

Then, M.P. = 130% ofx = Rs.13x

.10

III. S.P. = 90% of M.P.

Thus, I and III give, S.P. = Rs.90

x13x

= Rs.117x

100 10 100

Gain = Rs.

117x

-x

= Rs.

17x

100 100

Thus, from I and III, gain % can be obtained.

Clearly, II is redundant.

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Profit and Loss - Important Formulas

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and Loss Data Sufficiency 4 - Aptitude Questions and Answers http://www.indiabix.com/aptitude/profit-and-los

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