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Based on the given statements, select the most appropriate option to solve the question.
Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?
Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560
Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.
- a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.
- b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.
- c)Both statements together are sufficient, but neither statement alone is sufficient.
- d)Statement 1 and 2 together are NOT sufficient.
Correct answer is option 'C'. Can you explain this answer?
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Based on the given statements, select the most appropriate option to ...
Let us assume k = K / 100 and the cost price = C
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Based on SI, we can write C × (1 + K / 100) − C × (1 − K / 100) = 2560
i.e. 2CK / 100 = 2560 or Ck = 1280 which does not give the value of k or K. Hence Statement 1 is NOT sufficient.
Based onS2, C × 0.075 = K which gives C = 40K / 3 = 4000k / 3 which will NOT give the value of k or K.
When we combine the information given in both the statements, we will be able to find C as well as k or K. Hence option (c) is the correct option.
Most Upvoted Answer
Based on the given statements, select the most appropriate option to ...
Let us assume k = K / 100 and the cost price = C
Based on SI, we can write C × (1 + K / 100) − C × (1 − K / 100) = 2560
i.e. 2CK / 100 = 2560 or Ck = 1280 which does not give the value of k or K. Hence Statement 1 is NOT sufficient.
Based onS2, C × 0.075 = K which gives C = 40K / 3 = 4000k / 3 which will NOT give the value of k or K.
When we combine the information given in both the statements, we will be able to find C as well as k or K. Hence option (c) is the correct option.
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Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer?
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Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer?.
Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer?.
Solutions for Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for GATE.
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Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Based on the given statements, select the most appropriate option to solve the question.Sheetal wants to sell her bicycle at either a profit of K% or a loss of K%. What is the value of K?Statement 1: Difference between the amount Sheetal gets in the 2 cases is ₹ 2560Statement 2: If Sheetal’s profit is Rs K, her profit in percentage is 7.5%.a)Statement 1 alone is sufficient, but statement 2 alone is NOT sufficient.b)Statement 2 alone is sufficient, but statement 1 alone is NOT sufficient.c)Both statements together are sufficient, but neither statement alone is sufficient.d)Statement 1 and 2 together are NOT sufficient.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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