Question

The cost price of an article is 100. Find the profit made by selling it.
A. Ten percent discount was given on the list price and the profit percentage made is 25 percentage points more than the discount percent.
B. List price is Rs.180 and profit percent is 1/5th of the mark up percentage.

• A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient
• B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient
• C. Each statement alone is sufficient
• D. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
• E. Statement (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.

Answer 1

The correct option is C Each statement alone is sufficient

Option (C)

From A profit % is 35% (i.e. 10 +25) => profit = Rs.35

From B Markup% = 80%

profit % = 1/5 x 80 = 16%

profit = Rs.16

Either statement is sufficient