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What was the profit earned on the CP by Ramesh by selling an article?
I. He got 15% concession on labelled price in buying that article
II. He sold it for Rs.3060
III. He earned a profit of 2% on he labelled price in buying that article.
  • a)
    Only I and II
  • b)
    Only II and III
  • c)
    Only either I or III and II together are required
  • d)
    All I, II and III together are required
  • e)
    None of the Above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
What was the profit earned on the CP by Ramesh by selling an article?I...
Labelled price -x
From statement I, CP = 85% of x
From statement II and III, 2 = (3060 – x/ x)*100 x=3000
CP= 85% of 3000 = 2550
Thus All I, II and III together are required.
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What was the profit earned on the CP by Ramesh by selling an article?I. He got 15% concession on labelled price in buying that articleII. He sold it for Rs.3060III. He earned a profit of 2% on he labelled price in buying that article.a)Only I and IIb)Only II and IIIc)Only either I or III and II together are requiredd)All I, II and III together are requirede)None of the AboveCorrect answer is option 'D'. Can you explain this answer?
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What was the profit earned on the CP by Ramesh by selling an article?I. He got 15% concession on labelled price in buying that articleII. He sold it for Rs.3060III. He earned a profit of 2% on he labelled price in buying that article.a)Only I and IIb)Only II and IIIc)Only either I or III and II together are requiredd)All I, II and III together are requirede)None of the AboveCorrect answer is option 'D'. Can you explain this answer? for LR 2024 is part of LR preparation. The Question and answers have been prepared according to the LR exam syllabus. Information about What was the profit earned on the CP by Ramesh by selling an article?I. He got 15% concession on labelled price in buying that articleII. He sold it for Rs.3060III. He earned a profit of 2% on he labelled price in buying that article.a)Only I and IIb)Only II and IIIc)Only either I or III and II together are requiredd)All I, II and III together are requirede)None of the AboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for LR 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What was the profit earned on the CP by Ramesh by selling an article?I. He got 15% concession on labelled price in buying that articleII. He sold it for Rs.3060III. He earned a profit of 2% on he labelled price in buying that article.a)Only I and IIb)Only II and IIIc)Only either I or III and II together are requiredd)All I, II and III together are requirede)None of the AboveCorrect answer is option 'D'. Can you explain this answer?.
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