Profit and Loss

Profit and Loss – Data Sufficiency 3

Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question. 1. By selling an article what is the profit percent gained? I. 5% discount is …

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Profit and Loss – Data Sufficiency 2

Each of the questions given below consists of a statement and / or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is / are sufficient to answer the given question. Read the both statements and …

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Profit and Loss – Data Sufficiency 1

1. A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary? I. Sale price of the article  II. Number of articles sold …

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Profit and Loss – General Questions

1. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is: A. 4 4 % 7 B. 5 5 % 11 C. 10% D. 12% Answer: Option B Explanation: Cost Price (C.P.) = …

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Profit and Loss – Important Formulas

IMPORTANT FACTS Cost Price: The price, at which an article is purchased, is called its cost price, abbreviated as C.P. Selling Price: The price, at which an article is sold, is called its selling prices, abbreviated as S.P. Profit or Gain: If S.P. is greater than C.P., the seller is …

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