Multiple choice

The question given below contains two statements giving certain data. You have to decide whether the data given in the statements are sufficient for answering the question? Mark answer- Find overall profit or loss%? (I) A person purchased 2 bicycle for Rs.1200 each. (II) By selling Ist he gains 20% but on the other he has loss 25%.

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

Both statements together are sufficient. Statement I gives purchase price: 2 bicycles at Rs.1200 each = Rs.2400 total. Statement II gives profit/loss percentages: 20% gain on first (profit = Rs.240), 25% loss on second (loss = Rs.300). Net result = Rs.240 - Rs.300 = -Rs.60 (loss). Loss percentage = (60/2400) × 100 = 2.5%. Neither statement alone is sufficient.

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