Question

A shopkeeper sells two articles, A and
B. The ratio of the cost price of A and B is 4:5, respectively. The marked price of A is thrice the marked price of
B. The selling price of A is Rs 840, which is Rs 840 more than the discount offered on it. What is the profit earned on B (in Rs)? I: The cost price of A is Rs 700, and the profit earned on B is 20% of its cost price. II: The selling price of A is Rs 665 more than the profit earned on
B.

A Only I
B Only II
C Both I & II together
D Either I or II
E Neither I nor II
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