Multiple Choice Questions on What was the profit earned by selling an article Statement I The article was sold for Rs 950 after g........... for Mathematics - All Exams Preparation

Back to Main Page

Multiple Choice Questions

What was the profit earned by selling an article Statement I The article was sold for Rs 950 after g...........

Quantitative Aptitude ( CCS) Data Sufficiency
    Download Solution PDF

    What was the profit earned by selling an article?

    Statement I: The article was sold for Rs 950 after getting a discount of 5% on the labelled price.

    Statement II: A profit of 2% is made on the labelled price in buying that article.

    If the data in statement I alone is sufficient to answer the question.

    Incorrect Answer

    If the data in statement II alone is sufficient to answer the question.

    Incorrect Answer

    If the data either in statement I alone or statement II alone are sufficient to answer the question.

    Incorrect Answer

    If the data given in both I and II together are not sufficient to answer the question.

    Incorrect Answer

    If the data in both the statements I and II together are necessary to answer the question.

    Correct Answer
    छोटे Courses बड़े Results
    Master Data Sufficiency
    Prepare through Micro-courses
    Try Now
    Explanation:

    From statement I, we can find the MP of article as (100/95) × 950 = Rs 1000
    From statement II, we can find the CP of article by using the MP from statement I as (102/100) × 1000 = Rs 1020
    Now we have both SP and CP to find the profit%

    Hence, option 5 is the correct answer.

    By: Amit Kumar
    ProfileResources

    Let's Discuss

    Master
    Data Sufficiency
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free