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 percent profit? I. Selling price is 20% less than the marked price. II. The profit obtained after selling 12 articles is Rs. 50.

  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 I and II together are sufficient, but neither statement alone is sufficient.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Statement I relates SP to MP but not to CP, so profit percentage cannot be found. Statement II gives total profit on 12 items but without CP or SP values, the percentage cannot be calculated. Even combining both statements, we lack information about cost price or the relationship between marked price and cost price, making the profit percentage impossible to determine.

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