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12-01-2022 Profit and Loss

Q. 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? I. Number of toys sold. II. Cost price of each toy.

A. Only I is necessary
B. Only II is necessary
C. Either I or II is necessary
D. Both I and II are necessary

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