Multiple choice

The questions given below contain two statements giving certain data. You have to decide whether the data given in the statements are sufficient for answering the question? What is the per kg. selling price of rice? (I) 50 kg. of rice is bought for Rs. 3350 and Rs. 150 is spent on transport. (II) Profit percent was 5%.

  1. statement I alone is sufficient but statement II alone is not sufficient.

  2. statement II alone is sufficient but statement I alone is not sufficient.

  3. each statement alone (either I or II) is sufficient.

  4. statement I and II together are not sufficient.

  5. both statement together are sufficient, but neither statement alone is sufficient.
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Statement I gives the cost price per kg (Rs. 70 after including transport), but without the profit percentage we cannot calculate the selling price. Statement II provides the profit percent (5%) but lacks the cost price. When combined, SP = CP × (1 + profit/100) = 70 × 1.05 = Rs. 73.50 per kg. The correct answer is that both statements together are sufficient, but neither alone is sufficient.

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