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Question

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.

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 –
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.
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.
C If the data either in statement I alone or statement II alone are sufficient to answer the question.
D If the data in both statement I and II together are not sufficient to answer the question.
E If the data in both statement I and II together are necessary to answer the question.
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