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Directions: Each of the question below consists of a question and two statements numbered (I) and (II) given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.
Q. What selling price should be marked on the article?
(I) Discount of 5% is to be given and Profit percentage should be double the discount. Purchase cost is in the range of Rs 300 – Rs 400.
(II) 10% discount is to be allowed and 15% profit is to be obtained on the purchase cost of Rs 200 of the article.
  • a)
    Statement (I) ALONE is sufficient, but statement (II) alone is not sufficient.
  • b)
    Statement (II) ALONE is sufficient, but statement (I) alone is not sufficient
  • c)
    BOTH statements TOGETHER are sufficient, but NEITHER statement alone is sufficient.
  • d)
    EACH statement ALONE is sufficient.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Directions: Each of the question below consists of a question and tw...
(I) → The fixed value of CP is not given, so, SP of the article cannot be determined
(II) → Let x be SP of an article
Hence, we can find the answer using statement II alone.
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Directions: Each of the question below consists of a question and two statements numbered (I) and (II) given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.Q. What selling price should be marked on the article?(I) Discount of 5% is to be given and Profit percentage should be double the discount. Purchase cost is in the range of Rs 300 – Rs 400.(II) 10% discount is to be allowed and 15% profit is to be obtained on the purchase cost of Rs 200 of the article.a)Statement (I) ALONE is sufficient, but statement (II) alone is not sufficient.b)Statement (II) ALONE is sufficient, but statement (I) alone is not sufficientc)BOTH statements TOGETHER are sufficient, but NEITHER statement alone is sufficient.d)EACH statement ALONE is sufficient.Correct answer is option 'B'. Can you explain this answer?
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