To find the profit % made on a transaction which among the following is/are required ?
A. Cost Price and Discount on Market Price
B. Market Price and Discount %
C. Discount % of Market Price
D. Cost Price and Discount% on Market Price
Choose the correct answer from the options given below:
To find the profit % made on a transaction which among the following is/are required ?
A. Cost Price and Discount on Market Price
B. Market Price and Discount %
C. Discount % of Market Price
D. Cost Price and Discount% on Market Price
Choose the correct answer from the options given below:
Solution
To calculate profit percentage we need Cost Price and Selling Price. Selling Price can be derived from Market Price and Discount percentage. So the minimum required data is Cost Price and Discount percentage on Market Price (implicitly along with MP). Option D gives the most complete information.
Note: The options are ambiguously worded; we have interpreted option D as providing sufficient pricing information.
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