Multiple choice

Passage

Directions: Given below are two quantities named I and II. Based on the given information, you have to determine the relation between the two quantities. You are to use the given data and your knowledge of Mathematics to choose among the given options.

Quantity I: A wrist watch was sold for Rs. 960 and the shopkeeper made a profit of 20%. If it was sold for Rs. 832, then what would be the percentage of profit? Quantity II: A man bought two wall clocks for Rs. 1000 each. He further sold one at a profit of 25% to his friend and returned the second to the shopkeeper at a loss of 5%. What would be his overall profit or loss in the transaction?

  1. Quantity I

  2. Quantity I ≥ Quantity II

  3. Quantity I > Quantity II

  4. Quantity I ≤ Quantity II

  5. Quantity I = Quantity II or no relation can be established.
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