A trader charges Rs. 250 for a set of toys. How much profit does he make as a percentage? Which of the following information from Statements I and II is/are required to determine the answer?I. The total number of toys sold.II. The cost of each toy.
A. Only I is necessary
B. Only II is necessary
C. Both I and II are necessary
D. Either I or II ins necessary
Answer:B
A trader charges Rs. 250 for a set of toys. How much profit does he make as a percentage? Which of the following information from Statements I and II is/are required to determine the answer?I. The total number of toys sold.II. The cost of each toy.
A. Only I is necessary B. Only II is necessary C. Both I and II are necessary D. Either I or II ins necessary
Explanation: Each S.P. is worth Rs. 250.To calculate the gain percentage, we must first determine the C.P. of each.