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    Question

    The question consists of two statements numbered ā€œI

    and IIā€ given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Find the selling price of the article. Statement I: Ā Marked price of the article is ā‚¹1500 which is 50% more than the cost price and the article is sold at a profit of 20%. Statement II: Ā Marked price of the article is ā‚¹300 more than selling price of the article and discount given by the shopkeeper is 25%.
    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. Correct Answer Incorrect Answer
    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. Correct Answer Incorrect Answer
    C The data either in statement I alone or in statement II alone are sufficient to answer the question. Correct Answer Incorrect Answer
    D The data given in both statements I and II together are not sufficient to answer the question. Correct Answer Incorrect Answer
    E The data in both statements I and II together are necessary to answer the question. Correct Answer Incorrect Answer

    Solution

    ATQ, Statement I:
    Cost price of the article = 1500 Ć· 1.50 = ā‚¹1000
    Selling price of the article = 1000 Ɨ 1.20 = ā‚¹1200
    So, data in statement I alone is sufficient to answer the question. Statement II:
    Marked price of the article = 300 Ć· 0.25 = ā‚¹1200
    Selling price of the article = 1200 āˆ’ 300 = ā‚¹900
    So, data in statement II alone is sufficient to answer the question.

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