Multiple choice

What is the marked price of an article? Statement I: Selling price after offering 5% discount on the marked price is Rs.665. Statement II: Marked price of the article is 40% above the cost price.

  1. The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question

  2. The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question

  3. The data either in statement I alone or in statement II alone is sufficient to answer the question

  4. The data given in both statements I and II together are not sufficient to answer the question

  5. The data given in both statements I and II together are necessary to answer the question.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Statement I: Selling price = 665 after 5% discount, so Marked Price × 0.95 = 665, giving Marked Price = 665/0.95 = 700. Statement I alone is sufficient to find the marked price. Statement II: Marked Price is 40% above cost price, but without knowing the cost price or selling price, we cannot determine the marked price numerically. Statement II alone is insufficient. Therefore A is correct.

Keep practicing — related questions