Multiple choice

Directions: The following questions are accompanied by two statements A and B. You have to determine which statements(s) is/are sufficient/necessary to answer the questions. If selling price of a Lenovo Ideapad 330 is Rs. 24,000, then find marked price of Lenovo Ideapad 330. (A) If discount rate offered on Lenovo Ideapad 330 by shopkeeper is 8 4 7 % . (B) If the profit the shopkeeper got on Lenovo Ideapad 330 is 14 2 7 % and marked price of the laptop is 25% more than cost price of Lenovo Ideapad 330.

  1. Statement A alone is sufficient to answer the question, but statement B alone is not sufficient to answer the question.

  2. Statement B alone is sufficient to answer the question, but statement A alone is not sufficient to answer the question.

  3. Both the statements taken together are necessary to answer the question, but neither of the statements alone is sufficient to answer the question.

  4. Either statement A or statement B by itself is sufficient to answer the question.

  5. Statements A and B taken together are not sufficient to answer the question.

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Statement A gives the discount rate, so MP = SP / (1 - discount rate), which is sufficient. Statement B gives the profit percentage (so CP can be found) and states MP is 25% above CP, so MP = CP x 1.25, which is also sufficient independently.