Multiple choice

Directions: The question is followed by data in the form of two statements labelled as I and II. You must decide whether the data given in the statements are sufficient to answer the question. Using the data, mark your answer as What is the percentage of profit on the sale of 50 books? I. The cost price of each took is Rs.100. II. The sale price of each book is Rs. 25.

  1. if statement I alone is sufficient to answer the question

  2. if statement II alone is sufficient to answer the question

  3. if both statements I and II are sufficient to answer the question, but neither statement alone is sufficient

  4. if both statements I and II together are not sufficient to answer the question and additional data is required
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit percentage requires both cost price and selling price. Statement I gives only cost price, statement II gives only selling price, so neither alone suffices. Together they allow calculating profit percentage, making option C correct.

AI explanation

To find the percentage profit using the formula profit percentage equals ((selling price minus cost price) divided by cost price) multiplied by 100, you must know both the cost price and the selling price. Statement I gives the cost price of Rs. 100 per book, but lacks the selling price. Statement II gives the selling price of Rs. 25 per book, but lacks the cost price; therefore, combining both statements is necessary to determine the 25 percent loss.

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