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General Aptitude
4.3 Profit and Loss - Data Sufficiency 2

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By selling a product with 20% profit, how much profit was earned?
I.The difference between cost and selling price is Rs. 40.
II.The selling price is 120 percent of the cost price.

A. I alone sufficient while II alone not sufficient to answer

B. II alone sufficient while I alone not sufficient to answer

C. Either I or II alone sufficient to answer

D. Both I and II are not sufficient to answer

E. None of the above

View Answer

Correct choice: A

Explanation:

Gain = 20%

I. Profit = (S.P.) - (C.P.) = Rs. 40.

Thus, I give the answer. But, II does not give the answer.

Correct answer is (A).

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General Aptitude 4.3 Profit and Loss - Data Sufficiency 2

General Aptitude
4.3 Profit and Loss - Data Sufficiency 2