Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
What is the percent profit earned by selling the product? I. The profit earned was ` 50. II. Had it been sold for ` 310, the profit would have been ` 70.
Answer
SELF-PRACTICE — the source book printed no answer.
Nothing is invented here, so this question has no answer on record.
Explanation
II gives, S.P. $=₹310$ and gain $=₹70$. $$\therefore \text{C.P.}=₹(310-70)=₹240.$$ ∴ Gain\% $=\left(\frac{70}{240}\times 100\right)\%$. Thus, II alone gives the answer. Clearly, I alone does not give the answer. ∴ Correct answer is (b).
Explanation as extracted from the printed page; notation may be imperfect.