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Each question is followed by two statements, A and B. Answer each question using the following instructions:
Mark option (1) if the question can be answered by using statement A alone but not by using statement B alone.
Mark option (2) if the question can be answered by using statement B alone but not by using statement A alone.
Mark option (3) if the question can be answered by using either statement alone.
Mark option (4) if the question can be answered by using both the statements together but not by either of the statements alone.
Mark option (5) if the question cannot be answered on the basis of the two statements.
The marked price of a shirt is Rs. 900. What is the discount offered on it?
A. The marked price is 20% more than the cost price and the amount of discount offered on the shirt is same as the profit.
B. The cost price is Rs. 750 and the percentage discount is equal to the profit percent.
  • a)
    1
  • b)
    2
  • c)
    3
  • d)
    4
  • e)
    5
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Each question is followed by two statements, A and B. Answer eachquest...
Marked price of the shirt (i.e.M.R) = Rs. 900 Using statement A alone:
M.R is 20% more than the cost price (C.R)
∴ C. P. = 900/1.2 = Rs. 750
Since the profit and amount of discount is the same, let profit = discount = Rs. x.
Selling price (S.R) = C.R + profit = M.P. - discount 
 ∴ 750 + x = 900 - x
∴ x = Rs. 75
Thus, the discount offered is Rs. 75
Thus, the question can be answered using statement A alone.
Using statement B alone:
Cost price (C.P.) = Rs. 750
Since the discount percent and profit percent are equal, let them be x%.
i.e.
Solving the above equation, x = 100/11
Since this discount percent is calculated on the marked price, the actual discount can be found.
Thus, the question can be answered using statement B alone.
Thus, the question can be answered using either statement alone.
Hence, option 3.
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Most Upvoted Answer
Each question is followed by two statements, A and B. Answer eachquest...
Understanding the Problem
To find the discount on a shirt with a marked price of Rs. 900, we need to analyze the information provided in statements A and B.
Statement A Analysis
- Marked Price and Cost Price Relationship: Statement A tells us that the marked price is 20% more than the cost price.
- Discount Equals Profit: It also states that the discount offered is the same as the profit made on the shirt.
Using this information:
1. Let the cost price (CP) be X.
2. From A, we know: Marked Price (MP) = CP + 20% of CP = 1.2X.
3. We set MP = Rs. 900, which leads to the equation: 1.2X = 900.
4. Solving for X gives us the CP.
5. Knowing both CP and MP allows us to compute the profit and, consequently, the discount.
Statement B Analysis
- Cost Price Provided: Statement B directly states that the cost price is Rs. 750.
- Profit Percent Equals Discount Percent: It mentions that the percentage discount is equal to the profit percent.
Using this information:
1. The profit can be calculated as: Profit = MP - CP = 900 - 750 = Rs. 150.
2. The profit percent is: (Profit/CP) * 100 = (150/750) * 100 = 20%.
3. Therefore, the discount percent is also 20%.
4. The discount can be calculated as: Discount = 20% of MP = 20% of 900 = Rs. 180.
Conclusion
Both statements A and B provide sufficient information to independently calculate the discount. Thus, the correct answer is option (3) as either statement alone suffices to answer the question.
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Each question is followed by two statements, A and B. Answer eachquestion using the following instructions:Mark option (1) if the question can be answered by using statement A alone but not by using statement B alone.Mark option (2) if the question can be answered by using statement B alone but not by using statement A alone.Mark option (3) if the question can be answered by using either statement alone.Mark option (4) if the question can be answered by using both the statements together but not by either of the statements alone.Mark option (5) if the question cannot be answered on the basis of the two statements.The marked price of a shirt is Rs. 900. What is the discount offered on it?A. The marked price is 20% more than the cost price and the amount of discount offered on the shirt is same as the profit.B. The cost price is Rs. 750 and the percentage discount is equal to the profit percent.a)1b)2c)3d)4e)5Correct answer is option 'C'. Can you explain this answer?
Question Description
Each question is followed by two statements, A and B. Answer eachquestion using the following instructions:Mark option (1) if the question can be answered by using statement A alone but not by using statement B alone.Mark option (2) if the question can be answered by using statement B alone but not by using statement A alone.Mark option (3) if the question can be answered by using either statement alone.Mark option (4) if the question can be answered by using both the statements together but not by either of the statements alone.Mark option (5) if the question cannot be answered on the basis of the two statements.The marked price of a shirt is Rs. 900. What is the discount offered on it?A. The marked price is 20% more than the cost price and the amount of discount offered on the shirt is same as the profit.B. The cost price is Rs. 750 and the percentage discount is equal to the profit percent.a)1b)2c)3d)4e)5Correct answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Each question is followed by two statements, A and B. Answer eachquestion using the following instructions:Mark option (1) if the question can be answered by using statement A alone but not by using statement B alone.Mark option (2) if the question can be answered by using statement B alone but not by using statement A alone.Mark option (3) if the question can be answered by using either statement alone.Mark option (4) if the question can be answered by using both the statements together but not by either of the statements alone.Mark option (5) if the question cannot be answered on the basis of the two statements.The marked price of a shirt is Rs. 900. What is the discount offered on it?A. The marked price is 20% more than the cost price and the amount of discount offered on the shirt is same as the profit.B. The cost price is Rs. 750 and the percentage discount is equal to the profit percent.a)1b)2c)3d)4e)5Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Each question is followed by two statements, A and B. Answer eachquestion using the following instructions:Mark option (1) if the question can be answered by using statement A alone but not by using statement B alone.Mark option (2) if the question can be answered by using statement B alone but not by using statement A alone.Mark option (3) if the question can be answered by using either statement alone.Mark option (4) if the question can be answered by using both the statements together but not by either of the statements alone.Mark option (5) if the question cannot be answered on the basis of the two statements.The marked price of a shirt is Rs. 900. What is the discount offered on it?A. The marked price is 20% more than the cost price and the amount of discount offered on the shirt is same as the profit.B. The cost price is Rs. 750 and the percentage discount is equal to the profit percent.a)1b)2c)3d)4e)5Correct answer is option 'C'. Can you explain this answer?.
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