Question

By selling a product with $20$% profit, how much profit was earned?
I. The difference between cost and selling price is $Rs.40$.
II. The selling price is $120$ percent of the cost price.

• A. I alone sufficient while II alone not sufficient to answer
• B. II alone sufficient while I alone not sufficient to answer
• C. Either I or II alone sufficient to answer
• D. Both I and II are not sufficient to answer
• E. Both I and II are necessary to answer

Answer 1

The correct option is A I alone sufficient while II alone not sufficient to answer

$Gain=20$%
I. $Profit=(S.P.)-(C.P.)=Rs.40$.
Thus, I give the answer. But, II does not give the answer.
$\therefore$ Correct answer is (A).