Question

A shopkeeper sold an item for Rs.

Q: Answer-A shopkeeper sold an item for Rs. 240 after giving a certain discount. Determine the profit made by...

ATQ, Statement I Let the CP of the item be Rs. 5p So, MRP of the item 5p 125 Rs. 12p Profit earned Rs. 240 - 5p So, data in statement I alone is not sufficient to answer the question. Statement II MRP of the item 240 120 Rs.360 So, data in statement II alone is not sufficient to answer the question. On combining statements I and II together, we have 12p - 120 240 Or, 12p 360 So, p 30 So, profit earned 240 - 5 30 Rs. 90. Therefore, the data in both statements I and II together is necessary to answer the question.

240 after giving a certain discount. Determine the profit made by the shopkeeper on this sale. Statement I: The cost price and marked price of the item are in the ratio 5:12. Statement II: The discount given on the sale of the item was Rs. 120. 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 are 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 are not sufficient to answer the question.

C The data either in statement I alone or in statement II alone are sufficient to answer the question.

D The data given in both statements I and II together are not sufficient to answer the question.

E The data in both statements I and II together are necessary to answer the question.

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