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? Mark answer- What is the profit percent? (I) 45 articles were sold. (II) The cost price of 12 articles is equal to the selling price of 8 articles.

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

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

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

  4. If statement I and II together are not sufficient.

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

Statement I: 45 articles sold. This tells nothing about cost or selling price. Not sufficient. Statement II: CP of 12 articles = SP of 8 articles. Let CP of each article = c, SP = s. Then 12c = 8s, so s/c = 12/8 = 3/2 = 1.5. Profit = SP - CP = 1.5c - c = 0.5c. Profit% = (Profit/CP) × 100 = (0.5c/c) × 100 = 50%. Statement II alone is sufficient. Answer B is correct.

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