Lessons

General Aptitude
4.5 Profit and Loss - Data Sufficiency 4

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Q.

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.

View Answer

Correct choice: C

Explanation:

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

Then, M.P. = 130% of x = Rs. 13x .
10

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

Thus, I and III give, S.P. = Rs. 90 x 13x = 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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