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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 percentage profit earned by selling a bike for Rs. 54000? I. The amount of profit earned by selling the bike is Rs. 27000. II. The Selling Price of the bike is twice the Cost Price.

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 percentage profit earned by selling a bike for Rs. 54000? I. The amount of profit earned by selling the bike is Rs. 27000. II. The Selling Price of the bike is twice the Cost Price. Correct Answer If the data either in <strong>statement I alone or in statement II alone is sufficient</strong> to answer the question.

From I,

CP = 54000 – 27000 = Rs. 27000

Profit % = 27000/27000 × 100 = 100%

Hence from I we can find the percentage profit.

From II, SP = 2 × CP

If CP be x then SP will be 2x.

Profit = 2x – x = x

Profit % = x/x  × 100 = 100%

So, 100% profit will be earned.

Hence from II we can find the percentage profit.

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