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    Question

    Directions(Q.71 -75) : 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 Shoes?

    Statement I : The article was sold for Rs 2700 after getting a discount of 10% on the labelled price. Statement II : A profit of 5% is made on the labelled price in buying that Shoes.
    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 , we can find the MP of article as (100/90) × 2700 = Rs 3000 From statement II , we can find the CP of Shoes by using the MP from statement I as (105/100) × 3000 = Rs 3150 Now we have both SP and CP to find the profit%

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