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Directions: Below question 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.

Find the percentage profit earned by shopkeeper.

Statement I: The marked price of an article is 20% above the cost price of an article.

Statement II: The percentage discount offered on article is 5% and selling price of an article is Rs.114


1.

If the data in statement I alone is sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question.


2.

If the data in statement II alone is sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.


3. If the data either in statement I alone or in statement II alone is sufficient to answer the question.
4. If the data even in both the statements I and II together are not sufficient to answer the question.
5.

If the data in both statements I and II together are needed to answer the question.

1 Answer

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Best answer
Correct Answer - Option 5 :

If the data in both statements I and II together are needed to answer the question.


From statement II

Selling price of an article = Rs.114

Marked price of an article = 114 × 100/95 = Rs.120

From statement I

Cost price of an article = 120 × 100/120 = Rs.100

Profit earned = 114 - 100 = Rs.14

Percentage profit = (14/100) × 100 = 14%

∴ the data in both statements I and II together are needed to answer the question.

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