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Question

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.

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.

A If the data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question. Correct Answer Incorrect Answer
B If the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question. Correct Answer Incorrect Answer
C If the data either in statement I alone or in statement II alone is sufficient to answer the question. Correct Answer Incorrect Answer
D If the data even in both the statement I and II together are not sufficient to answer the question Correct Answer Incorrect Answer
E If the data in both statement I and II together are needed to answer the question. Correct Answer Incorrect 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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