Profit and Loss Data Sufficiency 4 - Aptitude Questions and Answers

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Aptitude :: Profit and Loss

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

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Important Formulas

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. Exercise II. Cost price of each article was Rs. 550. III. A discount of 10% on labeled price was offered. General Questions A. Only I Data Sufficiency 1 B. Only II Data Sufficiency 2 C. I and III Data Sufficiency 3 D. All the three are required Data Sufficiency 4 E. Question cannot be answer even with information in all the three statements. "In the middle of difficulty lies opportunity." Answer & Explanation - Albert Einstein Answer: Option C Explanation:

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Profit and Loss Data Sufficiency 4 - Aptitude Questions and Answers

http://www.indiabix.com/aptitude/profit-and-loss/022001

I. Let C.P. be Rs. x. Then, M.P. = 130% of x = Rs. III. S.P. = 90% of M.P. Thus, I and III give, S.P. = Rs. Gain = Rs. 117x 17x - x = Rs. 100 100 90 13x 117x x = Rs. 100 10 100 13x 10 .

Thus, from I and III, gain % can be obtained. Clearly, II is redundant. View Answer Workspace Report Discuss in Forum

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7/9/2013 11:54 AM