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bharat

· started a discussion

· 1 Months ago

how you can tell percentage profit by only Cost price (Question: 49292.2 )

the options seems to be wrong. please explain

Question:
DIRECTIONS: In each of the following questions, a question is followed by information given in three statements. You have to study the question along with the statements and decide, the information given in which of the statements (s) is necessary to answer the question?

What is the percent profit earned by the shopkeeper on selling the articles in his shop?

(I)  Labelled 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 labelled price was offered.

Options:
A) Only I and II
B) Only I and III
C) Only III
D) All the three statements are necessary to answer the question
E) Questions cannot be answered even with the information given in all the three statements.
Solution:

Knowledge Expert

· commented

· 1 Months ago

Dear student We have fixed the ambiguity of the question,correct answer is -Only I and III. Keep learning Team TR

Knowledge Expert

· commented

· 1 Months ago

Dear student We have fixed the ambiguity of the question,correct answer is -Only I and III. Keep learning Team TR
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