send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
Directions: The following question is accompanied by three statements (I), (II), and (III). You have to determine which statements(s) is/are sufficient/necessary to answer the questions. A shopkeeper sold two articles P and Q to a customer. In this transaction, the shopkeeper made neither profit nor loss. Find the cost price of article Q.
I. The profit percentage on article P is 66 2/3% . The loss percent on article Q is 28 4/7%
II. The selling price of the article P and Q are equal.
III. The total selling price of two articles P and Q is Rs.5000 66 %2 3 28 %
Both I and III
Both I and II
III and either I or II only
All the three statements
Any of the three statements
Let’s break down the statements and see what they give us:
- Statement I: Gives the profit % on P (66?%) and loss % on Q (28?%).
- Alone, not enough, as no values are given.
- Statement II: Selling price of P = Q.
- Alone, too little info, as we don't know cost prices or total selling price.
- Statement III: Total selling price of P and Q = Rs.5000.
- Alone, not enough, as we don’t know their split or costs.
Combine I and II:
With % profit/loss and equal selling prices, you can set up equations. Let SP for each article be x, then use profit/loss formulas and "no profit, no loss" to solve for cost price of Q.
Combine I and III:
You know total SP and %s, but can’t split SP between P and Q.
Combine II and III:
You know total SP, and that both SPs are equal. Each SP = Rs 2500. Now, with either I (to use %s) or II (SP equality), you can find cost of Q.
- Option 3 is correct:
"III and either I or II only"
Because either you need % and equality (I & II), or total SP and one of % or equality (III & I/II).
All statements together (option 4):
Enough, but more than needed.
Any one alone or I & III (option 1):
Not sufficient, because you wouldn’t know how SP splits without II.
---
Correct Answer: Option 3 - III and either I or II only.
By: Parvesh Mehta ProfileResourcesReport error
Access to prime resources
New Courses