17.
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A shopkeeper sells some toys at 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?
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I.
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Number of toys sold.
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II.
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Cost price of each toy.
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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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Both I and II are necessary
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D.
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Either I or II ins necessary
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E.
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None of these
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Answer: Option B
Explanation:
S.P. = Rs. 250 each.
To find gain percent, we must know the C.P. of each.
Correct answer is (B).
