Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
By selling a product with 20% profit, how much profit was earned? I. The difference between cost and selling price is ` 40. II. The selling price is 120 percent of the cost price.
Answer
SELF-PRACTICE — the source book printed no answer.
Nothing is invented here, so this question has no answer on record.
Explanation
I. Profit = (S.P.) − (C.P.) = ₹40. Thus, I gives the answer. II does not give the answer. ∴ Correct answer is (a).
Explanation as extracted from the printed page; notation may be imperfect.