Question

    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. 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.
    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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