Question

Harshad bought shares of a certain company on one day and sold them the next day. He paid a brokerage of $1%$. What was Harshad’s profit per rupee?
Statement A
A. His selling price was $1.05$ times his purchase price.
Statement B
B. The number of shares he purchased was $100$.

• A. The question can be answered by one of the statements alone but not by the other.
• B. The question can be answered by using either statement alone.
• C. The question can be answered by using both the statements together, but cannot be answered by using either statement alone.
• D. The question cannot be answered even by using both statements together.

Hint:

In profit problems, absolute quantity is not needed if the question asks for per-unit profit.

Answer 1

The Correct Option is A

Statement A: Knowing the selling/purchase ratio and brokerage, we can compute profit per rupee directly. Statement B: Number of shares alone is irrelevant without prices. Thus only Statement A is needed.