Question

A question is given, followed by two statements. Identify which of the statements is/are sufficient to answer the question.
Question:
What is the ratio of the cost price of an article to its printed price?
Statements:
I. The shopkeeper earns a profit of 8% on selling the article at a discount of 10% on the printed price.
II. The shopkeeper loses ₹15 on selling the article for ₹135 after giving a discount of 10% on the printed price.

• A. Statement I alone is sufficient
• B. Statement II alone is sufficient
• C. Either statement I alone or statement II alone is sufficient
• D. Both statements I and II are needed

Hint:

In profit and loss questions, check if the given statements provide enough details about the discount, profit, or loss to allow for a direct calculation of the required values.

Answer 1

The Correct Option is C

- Statement I provides enough information to calculate the cost price as a percentage of the printed price, making it sufficient to find the required ratio.
- Statement II also gives sufficient information to determine the cost price since the loss is mentioned along with the selling price after a discount, allowing for the calculation of the cost price.