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Select the most appropriate option that would solve the problem.
Problem – What is the profit made by the shopkeeper?
Statements:
(I) The shopkeeper sold 200 articles at Rs.10 each.
(II) The profit per article is same as the cost price per article.
  • a)
    I alone is sufficient while II alone is not sufficient
  • b)
    II alone is sufficient while I alone is not sufficient
  • c)
    I and II are together sufficient, but neither alone
  • d)
    I and II together are not sufficient
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Select the most appropriate option that would solve the problem.Proble...
From (I), selling price per article = Rs. 10
From (II), cost price per article = profit per article
Now, selling price = cost price + profit
So, cost price per article = profit per article = Rs. 5
Total 200 articles are sold.
Thus, total profit = Rs. 1000
Therefore, both (I) and (II) are together sufficient, but neither alone.
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Select the most appropriate option that would solve the problem.Problem – What is the profit made by the shopkeeper?Statements:(I) The shopkeeper sold 200 articles at Rs.10 each.(II) The profit per article is same as the cost price per article.a)I alone is sufficient while II alone is not sufficientb)II alone is sufficient while I alone is not sufficientc)I and II are together sufficient, but neither aloned)I and II together are not sufficientCorrect answer is option 'C'. Can you explain this answer?
Question Description
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