Multiple choice

What is the profit earned by selling a cell phone for Rs. 6250? Statement 1: The cost price of 5 such cell phones is equal to the selling price of 4 such cell phones. Statement 2: 25% profit is earned by selling each cell phone.

  1. Only 1

  2. Only 2

  3. Both 1 and 2

  4. Either 1 or 2

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

From statement 1: 5 x CP = 4 x 6250, so CP = 5000, profit = 1250. From statement 2: 25% profit means CP = 6250/1.25 = 5000, profit = 1250. Either statement alone is sufficient to calculate the profit as Rs. 1250.

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