Lessons

General Aptitude
4.4 Profit and Loss - Data Sufficiency 3

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Q.

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.

View Answer

Correct choice: A

Explanation:

I. Let the list price be Rs. x.

Then, S.P. = 95% of Rs. x = Rs. x x 95 = Rs. 19x
100 20

II. When S.P. = Rs. x and gain = 20%.

Then, C.P. = Rs. 100 x x = Rs. 5x
120 6
Gain = 19x - 5x = 57x - 50x = 7x
20 6 60 60
Gain % = 7x x 6 x 100 % = 14%.
60 5x

Thus, I and II only give the answer.

Correct answer is (A).

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