16.
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A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary?
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I.
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Sale price of the article
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II.
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Number of articles sold
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A.
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Only I is necessary
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B.
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Only II is necessary
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C.
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Either I or II is necessary
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D.
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Both I and II are necessary
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E.
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None of these
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Answer: Option D
Explanation:
Gain = 25% of C.P.
In order to find gain, we must know the sale price of each article and the number of articles sold.
Correct answer is (D).
