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Question

Each of the questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give answer –

By selling a product for Rs 540 how much profit was earned?

I. 25% profit would have been earned if it had been sold for Rs 450.

II. The profit was one fourth of the purchase price.

A If the data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question. Correct Answer Incorrect Answer
B If the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not 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 in both statement I and II together are not sufficient to answer the question. Correct Answer Incorrect Answer
E If the data in both statement I and II together are necessary to answer the question. Correct Answer Incorrect Answer

Solution

From I. 450 ≡ 125% ∴ 540  ≡ 125/450× 540 = 150% ∴ Profit = 450/125× 50 = Rs 180 From II. Profit is 1/4 of cost price  ⇒ CP:Profit : SP = 4:1:5 ∴ 5 ≡ 540  1  ≡ 540/5 =  Rs 108 So, either I or II is sufficient to answer the question.

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