Multiple choice

Directions: The following problem consists of a question followed by three statements. You have to study the question and the statements and then decide which of the statements is/are necessary to answer the question. What was the percentage of discount offered? I. Profit earned by selling the article for Rs. 252 after giving discount was Rs. 52. II. Had there been no discount, the profit earned would have been Rs. 80. III. Had there been no discount, the profit earned would have been 40%.

  1. I and II only

  2. II and either I or III only

  3. I and III only

  4. I and either II or III only

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let MP be marked price. I: SP = 252, Profit = 52, so CP = 200. II: If no discount, Profit = 80, so MP = CP + 80 = 280. III: If no discount, Profit = 40%, so MP = 1.4 * CP = 280. To find discount percentage, we need MP and SP. We have SP from I. We need MP, which can be found using II or III. Thus, I and (II or III) is sufficient.

Keep practicing — related questions