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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. What is the labeled price of the article? I. The profit earned would be 20% if no discount is offered. II. The SP after offering 10% discount on the labeled price is Rs. 720.

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. What is the labeled price of the article? I. The profit earned would be 20% if no discount is offered. II. The SP after offering 10% discount on the labeled price is Rs. 720. Correct Answer If the data in<strong> statement II alone is sufficient </strong>to answer the question, while the data in statement I alone are not sufficient to answer the question.

From I,

Let the labelled price be Rs. x .

∴ Profit = x × 20%

From II,

90% = 720

100% = 720/90 × 100 = Rs. 800(labelled price).

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