Direction: 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 question. Read both the statements and Read both the statements and give answer
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What selling price should be marked on the article?
I. Discount of 5% is to be given and profit percentage should be double the discount. Purchase cost is in the range of $ 300 to $ 400.
II. 10% discount is to be allowed and 15% profit is to be obtained on the purchase cost of $ 200 of the article.
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- If the data in statement I alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
- If the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question
- If the data either in statement I alone or in statement II alone are sufficient to answer the question.
- If the data even in both statements I and II together are not sufficient to answer the question.
- If the data in statement I alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
Correct Option: B
According to question ,
From statement I , → The fixed value of CP is not given, so SP of the article cannot be determined.
From statement II , → Let, K be SP of an article
| K x | 100 - 10 | = | 200 x ( 100 + 15 ) |
| 100 | 100 |
| K x | 90 | = | 200 x 115 |
| 100 | 100 |
| ∴ K= | 200 x 115 | = $ 255.55 | |
| 90 |
Therefore , the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question .
