Two shops, M and N, sell two types of gadgets, G1 and

Solution

From Statement 1: Shop N earns ₹2,500 from G1, making it 30% less than Shop M’s profit on G1. Thus, Shop M’s profit on G1 is 2500 / 0.7 = ₹3,571. Without additional information about Shop M’s profit on G2, Statement 1 alone is insufficient. From Statement 2: Cost of G1 in Shop M is ₹2,000 with a 20% profit, so the profit on G1 is 2000 * 0.2 = ₹400. Since profit on G2 is double that of G1, it’s ₹400 * 2 = ₹800. Total profit = 400 + 800 = ₹1,200, and this gives a profit percentage with total sales, making Statement 2 alone sufficient. Correct Answer: (b) Statement 2 alone is sufficient, but statement 1 alone is not sufficient.