Question
What is the labeled price of the article? I. The
profit earned would be 20% if no discount is offered. II. The SP after offering 10% discount on the labeled price is Rs. 720. Each of the questions given below has one question and two statements marked I and II. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give answer.Solution
From I, Let the labelled price be Rs.x . ∴ Profit = x × 20% From II, 90% = 720 100% = 720/90 × 100 = Rs. 800(labelled price).
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