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09 Dec 2024, 01:30
Kudos
Bookmarks
C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
47% (02:14) correct
53%
(02:02)
wrong
based on 111
sessions
History
Date
Time
Result
Not Attempted Yet
What is the profit percent if an article is sold without any discount on the original selling price?
(1) If the article is sold at x% discount on the original selling price, there is x% profit.
(2) If the article is sold at \(\frac{5x}{4}\)% discount on the original selling price, there is \(\frac{x}{2}\)% profit.
(1) If the article is sold at x% discount on the original selling price, there is x% profit.
(2) If the article is sold at \(\frac{5x}{4}\)% discount on the original selling price, there is \(\frac{x}{2}\)% profit.
09 Dec 2024, 03:59
Kudos
Bookmarks
Bunuel
Question: Profit Percentage = ?
Statement 1: If the article is sold at x% discount on the original selling price, there is x% profit.
SP*(1- x/100) = CP (1+ x/100)----(1)
x is unknown hence
NOT SUFFICIENT
Statement 2: If the article is sold at \(\frac{5x}{4}\)% discount on the original selling price, there is \(\frac{x}{2}\)% profit.
SP*(1- 5x/400) = CP (1+ x/200)----(2)
x is unknown hence
NOT SUFFICIENT
Combining the statements
Divide equation (1) by Equation (2)
We are left with only one equation in terms of x hence we have the value of x
hence
SUFFICIENT
Answer: Option C
09 Dec 2024, 12:42
Kudos
Bookmarks
isn't we can assume the value of x like 10 or 20 and say 10% discount on selling price and 10% profit,, so basically we can find the profit percentage clearly with this help.
we are getting 10% profit and even we don't consider 10 or 20, we are still getting x% profit,
so statement 1 alone is sufficient to answer the question.
we are getting 10% profit and even we don't consider 10 or 20, we are still getting x% profit,
so statement 1 alone is sufficient to answer the question.
