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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. The cost price of an article is Rs. 600. How much profit did a trader get by selling the article, if it was sold at 15% discount? I. The trader marked the article at Rs. 750. II. The trader sold the article to X and X sold the article to Y at Rs. 650 earning a profit of 25%.

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. The cost price of an article is Rs. 600. How much profit did a trader get by selling the article, if it was sold at 15% discount? I. The trader marked the article at Rs. 750. II. The trader sold the article to X and X sold the article to Y at Rs. 650 earning a profit of 25%. Correct Answer If the data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.

The data given in the question are C.P. and discount%. Using statement I alone, as the marked price of the article is given and discount% is known, we can find the selling price of the article. We can find the profit using cost price and the selling price of the article.

Statement II, as X’s SP and his profit% are known, we can find X’s CP. Which is trader’s SP also. Now, since, we have both trader’s CP and SP, we can get the Profit, but there will be loss for trader in this case therefore there is no profit.Hence, statement II will not give required profit.

Related Questions

Each question below is followed by two statements I and II. You have to determine whether the data given in the statements are sufficient for answering the question. You should use the data and your knowledge of mathematics to choose the best possible answer. What is the profit percentage earned by Ajeet by selling the article? Statement I: Ajeet sold the article for Rs. 128. If he sold it for Rs. 8 more, she would have earned a profit of 70%. Statement II: Ajeet marked the price of the article 80% above the cost price and sold it for Rs. 128 at a discount of Rs. 16 on the marked price.
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