Question

A shopkeeper sells some toys at $\text{Rs.}250$ each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is /are necessary?
P : No. of toys sold.
Q : Cost price of each toy.

• A. Only P is necessary
• B. Only Q is necessary
• C. Both are necessary
• D. None of the above.

Answer 1

The correct option is B Only Q is necessary

S.P. $=\text{Rs.}250$ each.
To find gain percent, we must know the C.P. of each.

Hence Q is necessary