Multiple choice

Directions: In this problem, a question is given followed by three statements numbered (I), (II) and (III). Read the statements carefully and determine which of them is/are sufficient/necessary to answer the question. What is the selling price of the article? I. Discount offered is 10%. II. Cost price of the article is Rs. 160. III. Marked price is 25% more than the cost price.

  1. All three statements

  2. None of the statements

  3. Only statements I and II

  4. Only statements II and III

  5. Only statements I and III
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

To find the selling price, we need the marked price and the discount. Statement II gives the cost price. Statement III gives the marked price relative to the cost price. Statement I gives the discount percentage. All three are needed to calculate the final selling price.

AI explanation

Statement II provides the base cost price of Rs. 160, and statement III is required to calculate the marked price, which is 160 * 1.25 = 200. Statement I provides the 10% discount rate needed to find the final selling price by applying it to that marked price. Since you need the cost price to find the marked price, and the discount to find the selling price, all three statements are necessary and sufficient to answer the question.

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