Directions: Each question is followed by two statements. Mark [1], if the question can be answered by one of the statements alone but not by the other. Mark [2], if the question can be answered by using either of the statements alone. Mark [3], if the question can be answered by using both statements together but not by either statement alone. Mark [4], if the question cannot be answered, even by using both statements together. A person wants to sell his goods and earn a net profit of 8%. He hires an agent for the job and gives him some commission on the selling price. How much percent higher than the cost price must he sell his goods at? I. The cost price of the goods is Rs.13000. II. The agent gets 1% on the transaction.

To find the required percentage markup on cost price, we must calculate the total overhead charges as a percentage of the selling price; therefore, we need both the target net profit and the agent's commission percentage. Statement II gives the commission rate as 1%, and combined with the 8% net profit target, the required marked price above cost is 9%. Statement I only provides the absolute cost value, which is not needed to find the percentage, meaning the question can be answered by using statement II alone but not by statement I alone. The result is option 1.

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