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    Question

    The cost of item A is 40% more than that of item B and

    the cost of item B is 25% less than that of item C. The cost of A is decreased by 20%, while that of B and C are increased by 24% and 33%, respectively. Statement I: The total new cost of items A, B and C is 24% less than the total initial cost of 2B and C. Statement II: The total new cost of A and 2B is 33(1/3)% more than the total initial cost of A and B. Which of the above statements is/are correct?
    A Neither I nor II Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C I only Correct Answer Incorrect Answer
    D Both I and II Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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