Multiple choice

Passage

The question given below contain two statements giving certain data. You have to decide whether the data given in the statements are sufficient for answering the question ?

What was the cost price of the suitcase bought by Anshu ? (I) Anshu gets 20% discount on marked price. (II) By selling the suitcase for Rs. 2000 Anshu gets 25% profit on marked price. Mark answer

  1. If statement I alone is sufficient but statement II alone is not sufficient.

  2. If statement II alone is sufficient but statement I alone is not sufficient.

  3. If each statement alone (either I or II) is sufficient.

  4. If statement I and II together are not sufficient.

  5. If both statements together are sufficient, but neither statement alone is sufficient.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Statement II alone is sufficient. Selling at Rs. 2000 gives 25% profit on marked price, so marked price = 2000/1.25 = Rs. 1600. From marked price, we need cost price but without discount percentage from statement I, we cannot determine it. Wait - re-reading: 25% profit ON marked price means Cost Price = Marked Price - 25% of MP = 1600 - 400 = Rs. 1200. Statement II is sufficient.

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