Multiple choice

Each question below contains a statement followed by Quantity I and Quantity II. Find both to find the relationship among them. Mark your answer accordingly. If the cost price of an article is increased by 40% to make it as the market price of article, Quantity I: Selling price of article after allowing a discount of 20%, if the cost price is Rs 1,75,000 Quantity II: The cost price of article if after selling article at 20% profit is Rs 2,52,000

  1. Quantity I > Quantity II

  2. Quantity I ≥ Quantity II

  3. Quantity II > Quantity I

  4. Quantity II ≥ Quantity I

  5. Quantity I = Quantity II or Relation cannot be established
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Quantity I: Market price = 1,75,000 × 1.4 = 2,45,000. Selling price after 20% discount = 2,45,000 × 0.8 = 1,96,000. Quantity II: Selling price = 2,52,000. Cost price at 20% profit = 2,52,000 ÷ 1.2 = 2,10,000. 2,10,000 > 1,96,000, so Quantity II > Quantity I.

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