Multiple choice

Passage

In each of the following questions, a question & then two statements – I & II are given. You have to determine that the data provided in these statements is enough to answer the question or not. Study both the statement:

What is the marked price of an article? Statement I: The cost price of the article is Rs. 300. Statement II: Selling price after offering 5% discount on the marked price is Rs. 475.

  1. Only Statement I alone.

  2. Only Statement II alone.

  3. Both Statements I and II together.

  4. Neither Statement I nor II is sufficient.

  5. Either Statement I or II.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Statement I: Only gives CP = Rs 300. No information about MP or discount. Not sufficient. Statement II: SP after 5% discount = Rs 475. So 0.95 × MP = 475, which gives MP = 475/0.95 = Rs 500. Statement II alone is sufficient (option B).

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