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Direction: In each of the following questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give answer:
What is the percent profit earned?
I. The car is sold at 10% discount
II. If there was no discount given, the profit would have been 35%
I alone
II alone
Either I alone or II alone
Both I and II
Both I and II are not sufficient
From statement I:
SP =Selling Price MP = Marked Price CP = Cost price
SP = 90% MP SP = 9MP/10
From statement II: When no discount is given, SP = MP Profit = SP – CP
35 = (SP – CP) *100/CP
35CP = 100SP – 100CP
135CP = 100SP
CP = 100SP/135
CP = 100MP/135
From both I and II: Profit% = (9MP/10 – 100MP/135)*100 / (100MP/135) % = (9/10 – 100/135) * 135 %
Hence, both the statements are required to answer this question
By: Munesh Kumari ProfileResourcesReport error
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