Multiple choice

The questions given below contain three statements giving certain data. You have to decide whether the data given in the statements are sufficient for answering the question? What was the percentage profit when Raju sold the Car? I. Raju paid Rs. 60,000 for the Car. II. Raju bought the Motor Cycle in Rs. 25,000. III. Raju sold his car in Rs. 10,000

  1. Only I and II

  2. Only II and III

  3. All are necessary

  4. All together are not sufficient

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

To calculate percentage profit, we need CP and SP of the car. Statement I gives CP = Rs. 60,000. Statement III gives SP = Rs. 10,000. Statement II is irrelevant because it talks about a different item (Motor Cycle). With I and III together, we can calculate the percentage. However, options A, B, C, and D are all incorrect: A and B are insufficient combinations, C is wrong because II is not necessary, and D is wrong because I and III ARE sufficient. Therefore 'None of these' is correct.

Keep practicing — related questions