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%.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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