Multiple choice

Directions: The following problem consists of a question followed two statements I and II, giving certain data. Select the correct answer from the given options depending on the sufficiency of data given in the statements to answer the question. Mark answer (1) if statement I alone is sufficient and statement II alone is not sufficient to answer the question. (2) if statement II alone is sufficient and statement I alone is not sufficient to answer the question. (3) if both statements I and II together are sufficient but neither statement alone is sufficient to answer the question. (4) if both statements I and II together are not sufficient to answer the question and additional data specific to the question is needed. What is the loss suffered by Mr. Chopra after selling his phone? (I) Mr. Sharma bought a phone for Rs. 10,000 and sold it to Mr. Bhardwaj at a profit of 15%. (II) Mr. Bhardwaj used the phone for 6 months and sold it to Mr. Chopra, who again sold it in the market for Rs. 5,000.

  1. 1

  2. 2

  3. 3

  4. 4

  5. NA

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

Statement I gives the cost price for Sharma and profit percentage, but nothing about Mr. Chopra's transaction. Statement II mentions Mr. Chopra sold the phone for 5,000, but we do not know the price he bought it for from Mr. Bhardwaj. Even together, we lack the purchase price for Mr. Chopra.

AI explanation

Statement I provides the cost price and selling price for Mr. Sharma, but gives no financial details for Mr. Chopra. Statement II states Mr. Chopra's selling price was Rs. 5,000, but because his purchase price from Mr. Bhardwaj remains unknown, his loss cannot be calculated. Even combined, the data does not provide Mr. Chopra's cost price, making it impossible to determine his loss.