Aptitude:: Profit and Loss

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Each of the questions given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.

What was the percentage of discount given?

I. 23.5% profit was earned by selling an almirah for Rs. 12,350.

II. If there were no discount, the earned profit would have been 30%.

III. The cost price of the almirah was Rs. 10,000.

A. Only I and II
B. Only II and III
C Only I and III
D. Any two of the three
E. None of these

By selling an article what is the profit percent gained?

I. 5% discount is given on list price.

II. If discount is not given, 20% profit is gained.

III. The cost price of the articles is Rs. 5000.

A. Only I and II
B. Only II and III
C Only I and III
D. All I, II and III
E. None of these