Question

Each question below is followed by two statements I and
II. You have to decide whether the data given in the statements are sufficient to answer the question. What is the cost price of a table?
I. The shopkeeper marks the table at 40% above its cost price. After giving a discount of 10% on the marked price, he still makes a profit of 26%.
II. The discount allowed on the marked price of the table is Rs. 360.

Q: Answer-Each question below is followed by two statements I and II. You have to decide whether the data give...

ATQ, From I Let cost price C, marked price M. Marked 40 above cost M 1.4C Discount 10 selling price SP 0.9M Profit is 26 SP 1.26C So 0.9M 1.26C MC 1.26 0.9 1.4 same as given We only get ratios and percentages, not actual rupee value of C I alone is not sufficient. From II Discount amount Rs. 360. No information about discount or relation between MP and CP. Many MP, CP, discount combinations possible II alone is not sufficient. Using I and II together From I, discount 10 on MP. From II, 10 of MP 360 0.10 MP 360 MP 3,600 From I, MP 1.4 CP CP 3,600 1.4 2,571.428 unique value Both statements together are necessary and sufficient.

A If the data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient.

B If the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient.

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

D If the data in both statements I and II together are necessary to answer the question, but neither statement alone is sufficient.

E If the data in both statements I and II together are not sufficient to answer the question.

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