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Direction: In the following questions a number of statements are given. Read the question carefully and determine which statements are necessary to answer the question. Choose the appropriate option accordingly and mark you answer.
What is the selling price of table fan if Dealer sells at a profit of 15%?
Statement I: Dealer marks fan 60% above cost price and allow a discount of 25%. If no discount is offered then he would get Rs. 1920 more profit.
Statement II: Dealer marks fan 75% above cost price and after allowing two successive discounts of 20% sold to Rahul, Rahul sold it to Jay for Rs. 6720 and claims a profit of 25%.
Statement III: Dealer marks fan 75% above cost price and after allowing discount of 25% sells to customer. If he allows an additional discount of 20% he would get Rs. 1260 less.
If the data in statement I, II and III are necessary to answer the question
If the data either in statement I or II or III alone is sufficient to answer the question
If the data in both statements I and II together is sufficient to answer the question
If the data in both statements II and III together is sufficient to answer the question
None are sufficient
Statement I: Let CP = Y MP = 1.6Y SP = 1.2Y
Profit = 20% 1.6Y – 1.2Y = 1920; Y = 4800
Thus, required SP for 15% profit = 4800 x 1.15 = 5520 Hence, statement I alone is sufficient
Statement II: CP = Y MP = 1.75Y Equivalent discount = 36% SP = 1.12Y
SP of dealer = CP of Rahul SP of Rahul = 1.12Y x 125/100 = 6720 Y = 4800
Therefore, required SP = 5520 Hence, statement II alone is sufficient
Statement III: CP = Y MP = 1.75Y SP = 1.3125Y Equivalent discount = 40% SP = 1.05Y Then, 1.3125Y – 1.05Y = 1260 Y = 4800
Thus, required SP for 15% profit = 4800 x 1.15 = 5520
Hence, statement III alone is sufficient Thus, the data given in either statement I alone or III alone is sufficient to answer the question.
So option (2) is the correct answer.
By: Munesh Kumari ProfileResourcesReport error
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