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    Question

    The question consists of two statements numbered ā€œI

    and IIā€ 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 Ā price is equal to Rs. 216. Ā Ā 
    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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