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The following question has three statements. Study the question and the statements and decide which of the statement (s) is/are necessary to answer the question. What is the total Profit percentage for Ram? I) Ram buys two ovens at Rs. 4000 each. II) Ram sells the oven and the ratio between the selling price of two ovens is 24 : 25. III) The difference between the profit earned by Ram on two ovens is Rs. 200.

The following question has three statements. Study the question and the statements and decide which of the statement (s) is/are necessary to answer the question. What is the total Profit percentage for Ram? I) Ram buys two ovens at Rs. 4000 each. II) Ram sells the oven and the ratio between the selling price of two ovens is 24 : 25. III) The difference between the profit earned by Ram on two ovens is Rs. 200. Correct Answer All statements are required

From statement I, II, and III:

The cost price of two oven = Rs.4000 each

Let the selling price of two ovens be 24a and 25a respectively.

Difference between the profits = Rs. 200

Solving,

(25a – 4000) – (24a – 4000) = 200

⇒ a = 200

Selling price of one oven = 25 × 200 = Rs. 5000

Selling price of other oven = 24 × 200 = Rs. 4800

⇒ Total selling price = 5000 + 4800 = Rs. 9800

Total cost price = Rs. 8000

⇒ Required profit percentage = (9800 – 8000)/8000 × 100 = 22.5%

∴ Using all three statements we can answer the question. 

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