Question

What is the marked price of the furniture? Statement I: A storekeeper marks his furniture 20% above the cost price and he allows 8(1/3)% discount on marked price. Statement II: Storekeeper earns Rs.30 as profit on selling the furniture.

Q: Answer-What is the marked price of the furniture? Statement I: A storekeeper marks his furniture 20% above...

From I and II, Let the cost price of the furniture be Rs. 100x So, marked price of the furniture 100x 120100 Rs.120x Now, SP of the furniture 120x 275300 Rs.110x According to the question, 110x 100x 30 10x 30 x 3 Therefore, the marked price of the furniture Rs.120x Rs.360 Therefore both the statements are required to answer the question.

For each of the following questions statements I and II are given. Use the data of those statements and then determine which of the following statements is necessary to answer the question:

A Statement I is alone sufficient to answer the question.

B Statement II is alone sufficient to answer the question.

C Either Statement I or statement II is sufficient to answer the question.

D Neither Statement I nor statement II is sufficient to answer the question.

E Both Statements I and II are necessary to answer the question.

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