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Discussion :: Profit and Loss

  1.  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.

  2. A.

    I alone sufficient while II alone not sufficient to answer


    II alone sufficient while I alone not sufficient to answer

    Either I or II alone sufficient to answer

    Both I and II are not sufficient to answer


    Both I and II are necessary to answer

    View Answer


    Answer : Option A

    Explanation :

    Gain = 20%

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

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



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