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    Question

    Each of the questions below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in all the three statements are sufficient to answer the question. Read all the statements and give answer –

    What is the profit percent or loss percent incurred in the transaction?

    I. 5% discount is given on the marked price.

    II. Cost price is 10% more than the marked price.

    III. Selling price of the article is Rs. 22,800

    A I and II together or only III alone Correct Answer Incorrect Answer
    B Only I and III Correct Answer Incorrect Answer
    C Only I and II Correct Answer Incorrect Answer
    D Only II and III Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    From (I) & (II), Let MP = 100 then CP = 110 & SP = 95 So loss% = (110-95)/95× 100 = 15/95× 100 = 300/19% So answer can be determined by both (1) & (2).

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