Multiple choice

What was the percent profit/loss made/incurred by selling an article for Rs. 20,000? I. The ratio between the selling price and the cost price of the article is 4 : 3 respectively. II. The difference between the cost price and selling price is Rs. 5000.

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

Statement I: SP:CP = 4:3 and SP=20000 gives CP = 20000×3/4 = 15000. Profit = 20000-15000 = 5000. Profit% = 5000/15000×100 = 33.33%. Sufficient alone. Statement II: SP-CP = 5000 and SP=20000 gives CP = 15000. Same calculation. Each alone sufficient. C is correct.

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