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Direction: The following question are accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/necessary to answer the following question.
A shopkeeper marked an article above the cost price and sold it after two consecutive discounts. Find the difference between the cost price and the marked price of the article.
I: The shopkeeper marked the article 40% above the cost price and sold it after two consecutive discounts of ‘x’% and ‘x + 5’% respectively. In this transaction the shopkeeper had a profit of 7.1%.
II: The shopkeeper marked the article ‘p’% above the cost price and sold it after two consecutive discounts of 10% and 15% respectively. In this transaction the shopkeeper had a profit of Rs. 284.
  • a)
    Only l
  • b)
    Only ll
  • c)
    Either I or II
  • d)
    Both l and ll
  • e)
    Neither I or ll
Correct answer is option 'E'. Can you explain this answer?
Most Upvoted Answer
Direction: The following question are accompanied by two statements (...
From statement I:
Let the cost price of the article = Rs. 100k
Marked price of the article = 1.40 × 100k = 140k
The selling price of the article :
⇒ 140k × (100 – x) (100 – (x + 5)) ÷ 100 ÷ 100 = 100k × 1.071%
Now, we can see that there are two variables in one equation that cannot be solved.
Statement I is not sufficient.
Statement II:
Let the cost price of the article = Rs. 100x
Marked price of the article = 100x × (100 + p) ÷ 100 = Rs. 100x + xp
Selling price of the article = (100x + xp) × 0.90 × 0.85
⇒ 76.5x + 0.765 × xp
Profit earned = 76.5x + 0.765 × xp – 100x = 284
0.765 × xp – 23.5x = 284
So, the equation can’t be solved
So, statement II alone is not sufficient to answer the question.
∴ Neither statement I nor statement II is sufficient.
Hence, the correct option is (E).
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Direction: The following question are accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/necessary to answer the following question.A shopkeeper marked an article above the cost price and sold it after two consecutive discounts. Find the difference between the cost price and the marked price of the article.I: The shopkeeper marked the article 40% above the cost price and sold it after two consecutive discounts of ‘x’% and ‘x + 5’% respectively. In this transaction the shopkeeper had a profit of 7.1%.II: The shopkeeper marked the article ‘p’% above the cost price and sold it after two consecutive discounts of 10% and 15% respectively. In this transaction the shopkeeper had a profit of Rs. 284.a)Only lb)Only llc)Either I or IId)Both l and lle)Neither I or llCorrect answer is option 'E'. Can you explain this answer?
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Direction: The following question are accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/necessary to answer the following question.A shopkeeper marked an article above the cost price and sold it after two consecutive discounts. Find the difference between the cost price and the marked price of the article.I: The shopkeeper marked the article 40% above the cost price and sold it after two consecutive discounts of ‘x’% and ‘x + 5’% respectively. In this transaction the shopkeeper had a profit of 7.1%.II: The shopkeeper marked the article ‘p’% above the cost price and sold it after two consecutive discounts of 10% and 15% respectively. In this transaction the shopkeeper had a profit of Rs. 284.a)Only lb)Only llc)Either I or IId)Both l and lle)Neither I or llCorrect answer is option 'E'. Can you explain this answer? for Class 1 2025 is part of Class 1 preparation. The Question and answers have been prepared according to the Class 1 exam syllabus. Information about Direction: The following question are accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/necessary to answer the following question.A shopkeeper marked an article above the cost price and sold it after two consecutive discounts. Find the difference between the cost price and the marked price of the article.I: The shopkeeper marked the article 40% above the cost price and sold it after two consecutive discounts of ‘x’% and ‘x + 5’% respectively. In this transaction the shopkeeper had a profit of 7.1%.II: The shopkeeper marked the article ‘p’% above the cost price and sold it after two consecutive discounts of 10% and 15% respectively. In this transaction the shopkeeper had a profit of Rs. 284.a)Only lb)Only llc)Either I or IId)Both l and lle)Neither I or llCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Class 1 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: The following question are accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/necessary to answer the following question.A shopkeeper marked an article above the cost price and sold it after two consecutive discounts. Find the difference between the cost price and the marked price of the article.I: The shopkeeper marked the article 40% above the cost price and sold it after two consecutive discounts of ‘x’% and ‘x + 5’% respectively. In this transaction the shopkeeper had a profit of 7.1%.II: The shopkeeper marked the article ‘p’% above the cost price and sold it after two consecutive discounts of 10% and 15% respectively. In this transaction the shopkeeper had a profit of Rs. 284.a)Only lb)Only llc)Either I or IId)Both l and lle)Neither I or llCorrect answer is option 'E'. Can you explain this answer?.
Solutions for Direction: The following question are accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/necessary to answer the following question.A shopkeeper marked an article above the cost price and sold it after two consecutive discounts. Find the difference between the cost price and the marked price of the article.I: The shopkeeper marked the article 40% above the cost price and sold it after two consecutive discounts of ‘x’% and ‘x + 5’% respectively. In this transaction the shopkeeper had a profit of 7.1%.II: The shopkeeper marked the article ‘p’% above the cost price and sold it after two consecutive discounts of 10% and 15% respectively. In this transaction the shopkeeper had a profit of Rs. 284.a)Only lb)Only llc)Either I or IId)Both l and lle)Neither I or llCorrect answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 1. Download more important topics, notes, lectures and mock test series for Class 1 Exam by signing up for free.
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