Question:
The question is followed by two statements numbered I and II. Mark answer as:
A toy was initially listed at a price to give the shopkeeper 20\(\%\) profit of the wholesale cost. What is the wholesale cost?
I. After reducing the listed price by 10\(\%\), the toy sold for a profit of Rs 10.
II. The toy sold for Rs 50.
The question is followed by two statements numbered I and II. Mark answer as:
A toy was initially listed at a price to give the shopkeeper 20\(\%\) profit of the wholesale cost. What is the wholesale cost?
I. After reducing the listed price by 10\(\%\), the toy sold for a profit of Rs 10.
II. The toy sold for Rs 50.
A toy was initially listed at a price to give the shopkeeper 20\(\%\) profit of the wholesale cost. What is the wholesale cost?
I. After reducing the listed price by 10\(\%\), the toy sold for a profit of Rs 10.
II. The toy sold for Rs 50.
Updated On: Oct 10, 2024
- statement I alone is sufficient to provide the answer.
- statement II alone is sufficient to provide the answer.
- both statements are required to provide the answer.
- neither statement I nor II is sufficient to provide the answer
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The Correct Option is A
Solution and Explanation
Statement I gives the percentage discount and profit, so we can find the wholesale cost using statement I alone.
Statement II only gives S.P so, we cannot find the required answer using it.
So the correct option is (A)
Statement II only gives S.P so, we cannot find the required answer using it.
So the correct option is (A)
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