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.
Both I and II are necessary
D.
Either I or II ins necessary
E.
None of these

• To find gain percent, we must know the C.P. of each toy.
  
  Correct answer is B
• 10 years agoHelpfull: Yes(2) No(1)
• answer is C(both 1 & 2 are necessary)
• 9 years agoHelpfull: Yes(0) No(0)