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Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:
Q. What is the selling price of Calculator for profit of 20%?
I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.
II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.
III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.
- a)All I, II and III together
- b)I and III together
- c)Either I and III together or II alone
- d)Either I or II or III alone
- e)None are sufficient
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Directions: Question below consists of a question and three statement...
From I alone:
Selling price = 1088
Marked price = 1088 x 5/4
= 1360 Rs
As, we don't know the cost price, we cannot find out selling price at 20% profit.
Also, we cannot take selling price as 1088, because we don't know profit percentage at that price.
From II:
Let cost price of one calculator be Y
Then cost price of two calculator = 2Y
Again,
Selling price of two calculator = (Y x 120/100) + (Y x 90/100)
Selling price of two calculator = 2.1Y
Profit = (2.1Y - 2Y) = 85
Y = 850
Thus,
Required selling price for 20% profit = 850 x 120/100 = ₹1020
Hence, statement II alone is sufficient.
From III alone:
III alone is not sufficient, as we don't have any other profit to compare.
From I and III:
Let cost price of calculator be Y
Marked price = 1.6Y
Selling price = 1.6Y x 80/100 = 1088
Then,
1.28Y = 1088
Y = 1088/1.28 = 850
Required selling price for 20% profit = 850 x 120/100 = ₹1020
Hence, statements I and III together are sufficient.
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Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect answer is option 'C'. Can you explain this answer?
Question Description
Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect 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 Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect 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 Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect answer is option 'C'. Can you explain this answer?.
Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect 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 Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect 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 Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
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Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Directions: Question below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in the statements are sufficient to answer the question:Q. What is the selling price of Calculator for profit of 20%?I. After allowing a discount of 20% on marked price seller sold the calculator at ₹1088.II. Seller sold two calculators, one at a profit of 20% and other at a loss of 10% and claims an overall profit of ₹85.III. Seller marked calculator 60% above cost price and if no discount is offered he claims a profit of ₹272 more.a)All I, II and III togetherb)I and III togetherc)Either I and III together or II aloned)Either I or II or III alonee)None are sufficientCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
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