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Question

In each of the following questions, a question and two statements I and II are given. You have to decide whether the date given in the statements are sufficient to answer the question or not.

What was the profit earned by selling an article?

I: The article was sold for Rs 850 after getting a discount of 15% on the labelled price.

II: A profit of 4% is made on the labelled price in buying that article.

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

Solution

From statement I,  S.P = Rs 850 We can find the MP of article as 100/85 × 850 = Rs 1,000  from statement II,  We can find the CP of article by using the MP from statement I as 104/100 × 1000 = Rs 1040 Now we have both SP and CP from both statements to find the profit%. 

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