Question
The sugar bag's cost price and marked price have a ratio of 4:7. If the bag is sold for Rs.600, calculate the profit %. Statement I: The profit % and the discount % allowed on the sugar bag's sale are in the ratio 7:8, respectively. Statement II: The profit earned from selling the sugar bag is half of the discount allowed on its sale.
The question consists of 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.
A) The data in statement I alone are sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.
B) The data in statement II alone are sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.
C) The data either in statement I alone or in statement II alone is sufficient to answer the question.
D) The data given in both statements I and II together is not sufficient to answer the question.
E) The data in both statements I and II together is necessary to answer the question.
A) The data in statement I alone are sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.
B) The data in statement II alone are sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.
C) The data either in statement I alone or in statement II alone is sufficient to answer the question.
D) The data given in both statements I and II together is not sufficient to answer the question.
E) The data in both statements I and II together is necessary to answer the question.
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