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?
I. Sale price of the article
II. Number of articles sold
Choose the correct choice from the following options.
A) Only I is necessary
B) Only II is necessary
C) Either I or II is necessary
D) Both I and II are necessary
E) None of these
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.   answer is (Both I and II are necessary).
<result>D</result>
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?
I. Sale price of the article
II. Number of articles sold