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Directions: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.
Q. What is the profit% of the marker on selling price?
Statement I. The marker is marked 15% above the cost price.
Statement II. A discount of 4% is given and the cost price the marker is Rs. 250.
  • a)
    The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.
  • b)
    The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.
  • c)
    Both the statements I and II together are needed to answer the question.
  • d)
    Either statement I alone or statement II alone is sufficient to answer the question.
  • e)
    Neither statement I nor statement II is sufficient to answer the question.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Directions: Each question below is followed by two statements I and I...
Statement I:
Relation between MRP and CP is given, but the CP is not given
⇒ Statement I alone is not sufficient
Statement II:
CP = Rs. 250
MRP = Rs. 115 / 100 × 250
⇒ MRP = Rs. 287.5
SP = MRP x (1 - D%/100)
⇒ SP = Rs. 276
Profit = Rs. (276 – 250)
⇒ Profit = Rs. 26
Now, Profit% on SP = P/SP x 100
Profit% on SP = 26/276 x 100
⇒ Profit% on SP = 9.4%
∴ The statement I and statement II both are needed to answer the question.
Hence, the correct option is (C).
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Community Answer
Directions: Each question below is followed by two statements I and I...
Analysis:
To find the profit% on selling price, we need the cost price and the selling price of the marker.

Statement I:
The marker is marked 15% above the cost price.
This statement alone does not provide the cost price or the selling price of the marker. Hence, it is not sufficient to answer the question.

Statement II:
A discount of 4% is given and the cost price of the marker is Rs. 250.
From this statement, we know the cost price of the marker is Rs. 250. However, we still need to know the selling price to calculate the profit%. Hence, this statement alone is not sufficient to answer the question.

Combined:
Using both statements together, we can calculate the selling price by applying a 4% discount on the cost price.
Cost price = Rs. 250
Selling price = Cost price - 4% of Cost price = Rs. 250 - 0.04 * Rs. 250 = Rs. 250 - Rs. 10 = Rs. 240
Now, we can calculate the profit% on selling price using the selling price and cost price.
Profit% = [(Selling Price - Cost Price) / Cost Price] x 100
Profit% = [(Rs. 240 - Rs. 250) / Rs. 250] x 100 = (-Rs. 10 / Rs. 250) x 100 = - 4%
Therefore, both statements I and II together are needed to answer the question.
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Directions: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.Q. What is the profit% of the marker on selling price?Statement I. The marker is marked 15% above the cost price.Statement II. A discount of 4% is given and the cost price the marker is Rs. 250.a)The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.b)The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.c)Both the statements I and II together are needed to answer the question.d)Either statement I alone or statement II alone is sufficient to answer the question.e)Neither statement I nor statement II is sufficient to answer the question.Correct answer is option 'C'. Can you explain this answer?
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Directions: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.Q. What is the profit% of the marker on selling price?Statement I. The marker is marked 15% above the cost price.Statement II. A discount of 4% is given and the cost price the marker is Rs. 250.a)The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.b)The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.c)Both the statements I and II together are needed to answer the question.d)Either statement I alone or statement II alone is sufficient to answer the question.e)Neither statement I nor statement II is sufficient to answer the question.Correct answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Directions: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.Q. What is the profit% of the marker on selling price?Statement I. The marker is marked 15% above the cost price.Statement II. A discount of 4% is given and the cost price the marker is Rs. 250.a)The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.b)The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.c)Both the statements I and II together are needed to answer the question.d)Either statement I alone or statement II alone is sufficient to answer the question.e)Neither statement I nor statement II is sufficient to answer the question.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.Q. What is the profit% of the marker on selling price?Statement I. The marker is marked 15% above the cost price.Statement II. A discount of 4% is given and the cost price the marker is Rs. 250.a)The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.b)The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.c)Both the statements I and II together are needed to answer the question.d)Either statement I alone or statement II alone is sufficient to answer the question.e)Neither statement I nor statement II is sufficient to answer the question.Correct answer is option 'C'. Can you explain this answer?.
Solutions for Directions: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.Q. What is the profit% of the marker on selling price?Statement I. The marker is marked 15% above the cost price.Statement II. A discount of 4% is given and the cost price the marker is Rs. 250.a)The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.b)The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.c)Both the statements I and II together are needed to answer the question.d)Either statement I alone or statement II alone is sufficient to answer the question.e)Neither statement I nor statement II is sufficient to answer the question.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
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A discount of 4% is given and the cost price the marker is Rs. 250.a)The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.b)The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.c)Both the statements I and II together are needed to answer the question.d)Either statement I alone or statement II alone is sufficient to answer the question.e)Neither statement I nor statement II is sufficient to answer the question.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Directions: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.Q. What is the profit% of the marker on selling price?Statement I. The marker is marked 15% above the cost price.Statement II. A discount of 4% is given and the cost price the marker is Rs. 250.a)The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.b)The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.c)Both the statements I and II together are needed to answer the question.d)Either statement I alone or statement II alone is sufficient to answer the question.e)Neither statement I nor statement II is sufficient to answer the question.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Directions: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.Q. What is the profit% of the marker on selling price?Statement I. The marker is marked 15% above the cost price.Statement II. A discount of 4% is given and the cost price the marker is Rs. 250.a)The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.b)The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.c)Both the statements I and II together are needed to answer the question.d)Either statement I alone or statement II alone is sufficient to answer the question.e)Neither statement I nor statement II is sufficient to answer the question.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.Q. 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