Multiple choice

Each of these questions is followed by three statements. You have to study the question and all the three statements given to decide which informations are necessary to answer the given question. What was the percentage of discount given? Statement I: 28% profit was earned by selling a TV for Rs. 3200. Statement II: If there were no discount, the earned profit would have been 60%. Statement III: The cost price of the TV was Rs. 2500.

  1. Any two

  2. I and II

  3. I and II or I and III

  4. All three together are sufficient

  5. All three together are not sufficient
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Statement I: Selling at Rs. 3200 gives 28% profit, so 3200 = 1.28 × CP. From this, CP = 3200/1.28 = Rs. 2500. Statement II: Without discount, profit would be 60%, so Marked Price = 1.6 × CP = 1.6 × 2500 = Rs. 4000. Discount = MP - SP = 4000 - 3200 = Rs. 800. Discount % = (800/4000) × 100 = 20%. Statements I and II together are sufficient. Statement III only repeats the CP from Statement I. The claimed answer 'I and II' is correct.

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