Question

The cost price of an article is Rs. 600. How much profit did a trader get by selling the article, if it was sold at 15% discount? Statement I: The trader marked the article at Rs. 750. Statement II: The trader sold the article to X and X sold the article to Y at Rs. 650 earning a profit of 25%.

Q: Answer-The cost price of an article is Rs. 600. How much profit did a trader get by selling the article, if...

The data given in the question are C.P. and discount. Using statement I alone, as the marked price of the article is given and discount is known, we can find the selling price of the article. We can find the profit using cost price and the selling price of the article. Statement II, as Xs SP and his profit are known, we can find Xs CP. Which is traders SP also. Now, since, we have both traders CP and SP, we can get the Profit.. Hence, statement II alone is also sufficient.

A If the data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.

B If the data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.

C If the data either in statement I alone or in statement II alone is sufficient to answer the question.

D If the data even in both statements I and II together and not sufficient to answer the question.

E If the data even in both statements I and II together are sufficient to answer the question.

Practice Next

The cost price of an article is Rs. 600. How much profit did a trader get by selling the article, if it was sold at 15% discount? Statement I: The trader marked the article at Rs. 750. Statement II: The trader sold the article to X and X sold the article to Y at Rs. 650 earning a profit of 25%.

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