Multiple choice

Directions: Read the question and the statements, and determine if the data provided by the statements is sufficient or insufficient, on their own or together, to answer the question. Accordingly, choose the appropriate option given below the question. What is the cost price of the book to shopkeeper A? it Is given that the marked price for both the shopkeepers are same. 1. Shopkeeper A gets a profit of 20% by allowing a discount of 28%. 2. Ram bought the same book from shopkeeper B for Rs. 56 at a discount of 37.77%.

  1. Only 1 is sufficient to answer the question.

  2. Only 2 is sufficient to answer the question.

  3. Either 1 or 2 is sufficient to answer the question.

  4. Both 1 and 2 are together required to answer the question.

  5. Neither of the statements is sufficient to answer the question.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Statement 1 gives the relationship between CP and MP. Statement 2 gives the actual selling price and discount percentage, which allows finding the MP. Both are needed to find the specific CP.

AI explanation

Statement 1 gives the relationship between profit and discount but provides no actual numerical values, meaning the cost price cannot be determined without additional data. Statement 2 provides the selling price of Rs. 56 for shopkeeper B and the discount percentage, allowing us to find the marked price, which is the same for both shopkeepers. Using the marked price from statement 2 and the percentages from statement 1, we can calculate the cost price for shopkeeper A. Therefore, both 1 and 2 are together required to answer the question.

Keep practicing — related questions