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    Question

    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. Find the selling price of the article. Statement I:  Marked price of the article is ₹1500 which is 50% more than the cost price and the article is sold at a profit of 20%. Statement II:  Marked price of the article is ₹300 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 ÷ 1.50 = ₹1000
    Selling price of the article = 1000 × 1.20 = ₹1200
    So, data in statement I alone is sufficient to answer the question. Statement II:
    Marked price of the article = 300 ÷ 0.25 = ₹1200
    Selling price of the article = 1200 − 300 = ₹900
    So, data in statement II alone is sufficient to answer the question.

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