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      Question

      What was the profit earned by selling an article?

      Statement I : The article was sold for Rs 850 after getting a discount of 15% on the labelled price. Statement II : A profit of 4% is made on the labelled price in buying that article. In each of the following questions, a question is followed by two statement. Read all the statements and find that which statements are required to answer the question and answer accordingly.
      A If the data in statement I alone is sufficient to answer the question. Correct Answer Incorrect Answer
      B If the data in statement II alone is 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 given in both I and II together are not sufficient to answer the question. Correct Answer Incorrect Answer
      E If the data in both the statements I and II together are necessary to answer the question. Correct Answer Incorrect Answer

      Solution

      From statement I, S.P = Rs 850 We can find the MP of article as 100/85 × 850 = Rs 1,000 from statement II, We can find the CP of article by using the MP from statement I as 104/100 × 1000 = Rs 1040 Now we have both SP and CP from both statements to find the profit%.

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