Multiple Choice Questions on What was the profit earned on the CP by Ramesh by selling an article I He got 15 concession on label........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

What was the profit earned on the CP by Ramesh by selling an article I He got 15 concession on label...........

Quantitative Aptitude ( CCS) Data Sufficiency
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    What was the profit earned on the CP by Ramesh by selling an article?

    I. He got 15% concession on labelled price in buying that article

    II. He sold it for Rs.3060

    III. He earned a profit of 2% on he labelled price in buying that article.

    Only I and II

    Incorrect Answer

    Only II and III

    Incorrect Answer

    Only either I or III and II together are required

    Incorrect Answer

    All I, II and III together are required

    Correct Answer

    None of the Above

    Incorrect Answer
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    Explanation:

    Labelled price -x
    From statement I, CP = 85% of x
    From statement II and III, 2 = (3060 – x/ x)*100 x=3000
    CP= 85% of 3000 = 2550
    Thus All I, II and III together are required.

    Hence, option 4 is the correct answer.

    By: Amit Kumar
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