Question
In the following question the relationship between
different elements is given in the statements followed by three conclusions I, II and III. Read the statements carefully and mark your answer accordingly. Statements: P ≤ Q = R ≤ S; M > N = O ≥ K = S Conclusions: I. Q < N II. M > R III. S ≤ OSolution
Q = R ≤ S = K ≤ O = N                               Q ≤ N. Hence conclusion I is not true. R ≤ S = K ≤ O = N < M                                M > R. Hence conclusion II is true. S = K ≤ O                                                      S ≤ O. Hence conclusion III is true.
The cost price and marked price of an article are in the ratio 5:8. If the discount offered equals the profit earned, what is the percentage profit?
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