What is the profit percentage gained from selling an article? I. A 5% discount is applied to the list price. II. If no discount is granted, a profit of 20% is gained. III. The products' wholesale price is Rs. 5000.
A. Only I and II
B. Only II and III
C. Only I and III
D. None of these
Answer:A
What is the profit percentage gained from selling an article? I. A 5% discount is applied to the list price. II. If no discount is granted, a profit of 20% is gained. III. The products' wholesale price is Rs. 5000.
A. Only I and II B. Only II and III C. Only I and III D. None of these
Explanation: Assume a list price of Rs. x.After that, S.P. = 95% of Rs. x = Rs. x x 95/100 = Rs. 19x/20II. When S.P. equals Rs. x and gain equals 20%.C.P. = Rs. 100 x /120x = Rs. 5x/6.19x/20 - 5x/6 = 57x - 50x/60 = 7x/60.Gain percentage = 7x/60 x 6/5x x 100% = 14 percent..As a result, I and II just provide the solution.