Question

A shopkeeper sells some articles at a profit of $20\%$ on the cost price. Find the amount of profit.
I. Cost price of the article is Rs.\ $2400$.
II. Selling price of the article is Rs.\ $480$ more than the cost price. \bigskip

• A. I alone sufficient; II alone not.
• B. II alone sufficient; I alone not.
• C. Either I alone or II alone sufficient.
• D. Even I + II together not sufficient.
• E. I + II together necessary.
  \bigskip

Hint:

If the required value is directly computable from a single statement, mark “either” only when \emph{each} statement independently suffices.

Answer 1

The Correct Option is C

I: Profit $=20\%\text{ of }2400= \text{Rs.\ }480$ (sufficient).
II: Profit is directly given as Rs.\ $480$ (sufficient).
Hence either statement suffices. \bigskip