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In these questions, a question is given followed by information in three statements. You have to consider the information in all the three statements and decide the information in which of the statement (s) is not necessarily required to answer the question and therefore can be dispensed with. Indicate your answer accordingly What is the labelled price of an article?
I. The cost price of the article is Rs 500.
II. The selling price after offering 5% discount on the labelled price is Rs 608.
III. The profit earned would have been 28% if no discount had been offered.
- a)Only I
- b)Only III
- c)Only II and III
- d)Only I and III
- e)Only I and II
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
In these questions, a question is given followed by information in th...
From statement I
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Cost price = Rs 500
From statement II:
Selling price = Rs 608
Discount = 5% on labelled price
Labelled price = 608 (100/95) = Rs 640
From statement III:
Profit = 28% without discount
Hence, statement II alone is sufficient to find the labelled price.
Therefore, statements I and III can be dispensed
Most Upvoted Answer
In these questions, a question is given followed by information in th...
Question: What is the labelled price of an article?
I. The cost price of the article is Rs 500.
II. The selling price after offering 5% discount on the labelled price is Rs 608.
III. The profit earned would have been 28% if no discount had been offered.
Solution:
To find out the labelled price of an article, we need to use information from all three statements.
Statement I: The cost price of the article is Rs 500.
This information alone is not sufficient to determine the labelled price of the article.
Statement II: The selling price after offering 5% discount on the labelled price is Rs 608.
This statement gives us the selling price of the article after a discount of 5% is offered. We can use this information along with statement III to determine the labelled price of the article.
Statement III: The profit earned would have been 28% if no discount had been offered.
This statement tells us the profit percentage that would have been earned if no discount was offered. We can use this information along with statement II to determine the labelled price of the article.
Therefore, we need both statements II and III along with statement I to determine the labelled price of the article. Statement I alone is not sufficient, and hence can be dispensed with.
Hence, the correct answer is option D) Only I and III.
I. The cost price of the article is Rs 500.
II. The selling price after offering 5% discount on the labelled price is Rs 608.
III. The profit earned would have been 28% if no discount had been offered.
Solution:
To find out the labelled price of an article, we need to use information from all three statements.
Statement I: The cost price of the article is Rs 500.
This information alone is not sufficient to determine the labelled price of the article.
Statement II: The selling price after offering 5% discount on the labelled price is Rs 608.
This statement gives us the selling price of the article after a discount of 5% is offered. We can use this information along with statement III to determine the labelled price of the article.
Statement III: The profit earned would have been 28% if no discount had been offered.
This statement tells us the profit percentage that would have been earned if no discount was offered. We can use this information along with statement II to determine the labelled price of the article.
Therefore, we need both statements II and III along with statement I to determine the labelled price of the article. Statement I alone is not sufficient, and hence can be dispensed with.
Hence, the correct answer is option D) Only I and III.
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In these questions, a question is given followed by information in three statements. You have to consider the information in all the three statements and decide the information in which of the statement (s) is not necessarily required to answer the question and therefore can be dispensed with. Indicate your answer accordingly What is the labelled price of an article?I. The cost price of the article is Rs 500.II. The selling price after offering 5% discount on the labelled price is Rs 608.III. The profit earned would have been 28% if no discount had been offered.a) Only Ib) Only IIIc) Only II and IIId) Only I and IIIe) Only I and IICorrect answer is option 'D'. Can you explain this answer?
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