Multiple choice

The question 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 ? Who has earned more profit percent, Jeewan or Rahul ? (I) Jeewan purchased an item for Rs 7800 and sold it for Rs 9360. (II) Rahul purchased an item for Rs 9360 and sold it for Rs 10764.

  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
E Correct answer
Explanation

Statement I alone is insufficient because we can't compare Jeewan's profit to Rahul's without Rahul's data. Statement II alone is insufficient because we can't compare Rahul's profit to Jeewan's without Jeewan's data. Together: Jeewan's profit% = (9360-7800)/7800 × 100 = 20%. Rahul's profit% = (10764-9360)/9360 × 100 = 15%. Since 20% > 15%, Jeewan earned more profit percent. Both statements together are sufficient, but neither alone is sufficient. Option E is correct.

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