Multiple choice

What was the per cent profit/loss made/incurred by selling an article for Rs.24000? I. The ratio between the selling price and the cost price of the articles is 5:3 respectively. II. The difference between the cost price and the selling price is Rs.9600.

  1. 1

  2. 2

  3. 3

  4. 4

  5. 5
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Statement I gives the ratio SP:CP = 5:3, which is sufficient to calculate profit percentage (profit = 2/3 = 66.6%). Statement II gives the difference, which allows calculating the actual values but is also sufficient to find the ratio if combined with the SP. Since I alone is sufficient, A is correct.

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