If an item is sold at 25 discount then it gives a profit of 25 Find the selling price of the item St...........

Quantitative Aptitude ( CCS) Data Sufficiency

If an item is sold at 25% discount then it gives a profit of 25%. Find the selling price of the item.

Statement I: If it is sold for Rs.45 more , then the profit percentage is 40%.

Statement II: If the marked price of the item is increased by 10%, and discount rate remains the same then profit percentage is 37.5%.

Both are necessary

Both are not sufficient

Either I or II

Only Statement II

Only Statement I

छोटे Courses बड़े Results

Master Data Sufficiency

Prepare through Micro-courses

Try Now

Explanation:

Let the CP be Rs.x.
SP = Rs.1.25
MP = Rs.1.25x/0.75 = Rs.(5/3)x
From I: (1.25x + 45) = 1.4x
=> x = Rs.300
This statement is alone sufficient.
From II: New MP = (5/3)x*1.1 = Rs.(5.5/3)x
(5.5/3)x*0.75 = 1.375x
This statement is not sufficient to answer.

Hence, option 5 is the correct answer.