Each of the question is followed by two statements I and II. You are to determine whether the data is given in statements are sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose between possible answers. Find the cost price of watch

(I) If there is a markup of Rs. 360 and 10% discount is given, then, profit is 8%.

(II) If watch is sold on profit of 12%, then, difference between the sale price and cost price is equal to Rs. 216.