Multiple choice

A retailer sells two products, P and Q. The ratio of the cost prices of P and Q is 3 : 4, respectively. The marked price of product Q is twice that of product P. The selling price of product P is Rs. 900, which is Rs. 300 less than its marked price. What is the profit earned on product Q? I. The cost price of product P is Rs. 720, and product Q is sold at a profit of 25% on its cost price. II. The selling price of product P is Rs. 660 more than the profit earned on product Q.

  1. Only I

  2. Only II

  3. Both I & II together

  4. Either I or II

  5. Neither I nor II
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Statement I gives CP of P = 720, so CP of Q = 960. Profit on Q = 25% of 960 = 240. Statement II relates SP of P to profit of Q. Both statements provide enough info to find the profit on Q.

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