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ATQ, Statement I: Let the CP of the item be Rs. '5p' So, MRP of the item = 5p × (12/5) = Rs. '12p' Profit earned = Rs. (240 - 5p) So, data in statement I alone is not sufficient to answer the question. Statement II: MRP of the item = 240 + 120 = Rs.360 So, data in statement II alone is not sufficient to answer the question. On combining statements 'I' and 'II' together, we have; 12p - 120 = 240 Or, 12p = 360 So, p = 30 So, profit earned = 240 - 5 × 30 = Rs. 90. Therefore, the data in both statements I and II together is necessary to answer the question.
Select the most appropriate option to substitute the bold segment in the given sentence. If there is no need to substitute,select no improvement
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