Multiple choice

Passage

Directions: In the following item, quantity I and quantity II are given. Determine the relationship between the quantities and choose the appropriate option. (1) If Quantity I ≥ Quantity II (2) If Quantity I > Quantity II (3) If Quantity I < Quantity II (4) If Quantity I = Quantity II or the relationship cannot be established from the information given (5) If Quantity I ≤ Quantity II

A person decreased the selling price of an item by Rs. 85. As a result, his profit percentage decreased by 5%. Quantity I: The cost price of the article Quantity II: Rs. 1,700

  1. (1)

  2. (2)

  3. (3)

  4. (4)

  5. (5)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let CP be the cost price. Profit = SP - CP. If SP decreases by 85, profit decreases by 85. Profit percentage decrease = (85/CP) * 100 = 5%. Thus, CP = 8500 / 5 = 1700. Quantity I = 1700, Quantity II = 1700. They are equal.

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