Directions: Each of the questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give answer: Ganpat is a oil trader, he mixes two varieties of oil in the ratio of 1 : 4. By selling the mixture at 14.40 per kg he gets a profit of more than 20%. Is the cost of the dearer variety, which is mixed, more than 20 per kg? Statement I: The cost of the cheaper variety of oil mixed is 10 per kg.Statement II: For every 1 kg of the cheaper variety of oil he mixed 4 kg of the dearer variety of oil.
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