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 was profit/loss percent on selling an article for Rs 24000/-? I. The respective ratio of selling price and cost price of an article is 5:3. II. The difference between cost price and selling price of the article is Rs 9600/-.

  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
A Correct answer
Explanation

Statement I gives SP:CP = 5:3 and SP = Rs 24000, so CP = (3/5) × 24000 = Rs 14400. Profit = 24000 - 14400 = Rs 9600. Profit% = (9600/14400) × 100 = 66.67%. Statement II gives difference but no starting value, so insufficient alone. Statement I is sufficient.

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