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The bar graph given below shows the cost price and selling price of 5 articles. Profit amount = Selling price – Cost price Loss amount = Cost price – Selling price Profit percent/Loss percent = [(Profit/Loss)/Cost price] × 100 Which of the following statement(s) is/are not correct? I. If the cost price of A and E gets interchanged, then there will be a loss of 24 percent on E. II. Profit earned on D is 25 percent.

The bar graph given below shows the cost price and selling price of 5 articles. Profit amount = Selling price – Cost price Loss amount = Cost price – Selling price Profit percent/Loss percent = [(Profit/Loss)/Cost price] × 100 Which of the following statement(s) is/are not correct? I. If the cost price of A and E gets interchanged, then there will be a loss of 24 percent on E. II. Profit earned on D is 25 percent. Correct Answer Neither I nor II

Given:

If the cost price of A and E gets interchanges

That means,

C. P of A = 100, S. P of A = 300

C. P of E = 250, S. P of E = 190

C. P of D = 240, S. P of D = 300

Formula used:

Profit percent = (profit/cost price) × 100

Loss percent = (loss/cost price) × 100

Calculations:

For statement (I)

C. P of E = 250, S. P of E = 190

(Cost price) > (selling price)

Loss = C.P - S.P

Loss = 250 - 190

Loss = 60

Loss percent = (60/250) × 100

Loss percent = 24%

Hence, statement (I) is correct

For statement (II)

C. P of D = 240, S. P of D = 300

(Selling price) > (cost price)

Profit = S.P - C.P

Profit = 300 - 240

Profit = 60

Profit percent = (60/240) × 100

Profit percent = 25%

Hence, statement (II) is correct

So correct answer is option (3)

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