Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2006 · Marks: · Difficulty:
How much profit did Manick earn on the cost price of an article by selling it? I. He got 15% discount on the marked price at the time of purchase. II. He sold it for ₹ 3060. III. He earned 2% profit on the marked price.
(a)I and II only
(b)II and III only
(c)I only or II and III together
(d)All I, II and III
(e)Even I, II and III together are not sufficient to answer the question.
Answer
Answer (as printed): D
Explanation
Let the M.P. be ₹ $x$. I. C.P. $=85\%$ of $₹x=₹\left(x \times \frac{85}{100}\right)=₹\frac{17x}{20}$. II. S.P. $=₹3060$. III. $102\%$ of $x=3060 \Rightarrow x=\left(3060 \times \frac{100}{102}\right)=3000$. $\therefore$ C.P. $=₹\frac{17x}{20}=₹\left(\frac{17}{20} \times 3000\right)=₹2550$. So, gain $=₹(3060-2550)=₹510$. Thus all I, II and III give the answer.
Explanation as extracted from the printed page; notation may be imperfect.