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      Question

      The question consists of two statements numbered “I

      and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Find the cost price of watch. Statement I : If MRP of the watch Rs. 360 above the cost price and 10% discount is given, then profit is 8%. Statement II : If watch is sold on profit of 12%, then difference between sale price and cost  price is equal to Rs. 216.   
      A From both I and II Correct Answer Incorrect Answer
      B Either I or II Correct Answer Incorrect Answer
      C only I Correct Answer Incorrect Answer
      D Only II Correct Answer Incorrect Answer
      E Neither I nor II Correct Answer Incorrect Answer

      Solution

      From Statement I: Let CP = 100x MP = 100x + 360 Given that, 10% discount given so, MP = 90x + 324, which is equal to 8% profit Therefore, 108x = 90x + 324 x = 18 So, CP = Rs. 1800 From Statement II: Given that, SP – CP = 216 12% = 216 100% = 1800 So we can find the answer from either I or II statements.

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