Question

What is the selling price of the article?
I. The profit on sales is 20%.
II. The profit on each unit is 25% and the cost price is Rs.\ 250.

• A. The question cannot be answered even with the help of both the statements taken together.
• B. The question can be answered by any one of the statements
• C. Each statement alone is sufficient to answer the question, but not the other one.
• D. Both statements I and II together are needed to answer the question

Hint:

If cost price and profit percentage are known, selling price can be calculated directly using SP = CP + (Profit% of CP).

Answer 1

The Correct Option is B

I: Profit on sales = 20%, so SP can be determined directly if cost or profit value known. Not enough by itself unless interpreted in terms of SP percentage alone → Insufficient.
II: Profit = 25% of CP. CP = Rs.\ 250. Therefore, SP = 250 + 0.25 $\times$ 250 = Rs.\ 312.50. This alone is sufficient. %Quick tip