Multiple choice

Directions: The question given below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer. Find the marked price if vendor wants to make a profit of 30% after giving a discount of 60%. (I) Difference between the price when the article is sold at 30% profit and when it is marked 60% above the cost price and then given a discount of 20% is Rs. 16. (II) The vendor needs to sell the product at a discount of 20% to make a profit of Rs. 120.

  1. The question can be answered by using statement I alone but cannot be answered using the other statement alone.

  2. The question can be answered by using statement II alone but cannot be answered using the other statement alone.

  3. The question can be answered by using either of the statements alone.

  4. The question can be answered using both of the statements together, but cannot be answered using either of the statements alone.

  5. The question cannot be answered even by using both the statements together.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Statement I allows setting up an equation to find the cost price and then the marked price. Statement II provides enough information to calculate the cost price and subsequently the marked price using the profit and discount percentages. Since both statements independently provide sufficient data to solve for the marked price, option C is correct.

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