Multiple choice

Passage

Each of the questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the given question. Read all the statements and answer the following questions.

If an Article is sold at 20% discount then it gives a profit of 20%, find the cost price of the article. Statement I: If discount increased by Rs. 100 less, then there is no profit and no loss. Statement II: If the marked price of the Article is increased by 20%, and discount rate remains the same then profit percentage becomes 44%

  1. a) If data in statement I alone is sufficient

  2. b) If data in statement II alone is sufficient

  3. c)If data either in statement I alone or statement II alone is sufficient

  4. d)If data in statement I alone and statement II together is not sufficient

  5. e) If data in both statements I and II is necessary.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

From the given, MP = 1.5*CP. Statement I says if discount increases by Rs. 100 (reducing SP), profit becomes zero: 1.2*CP - 100 = CP, giving CP = 500. Statement II yields 1.44*CP regardless of CP's value, so it adds no new constraint. Statement I alone suffices.

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