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Question

What is the labelled price of the article?
I. Cost price of the article is Rs 500/-
II. Selling price after offering 5% discount on the labelled price is Rs 608/-
III. Profit earned would have been 28% if no discount was offered.

A
Only I
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B
Only III
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C
Only II & III
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D
Only I and III
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E
Only I and II
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Solution

The correct option is D Only I and III
Let the marked price of the article be Rs x.
From statement II,
95×x100=608x=608×10095=Rs 640
From statements I and III,
Marked price =128×500100
=Rs 640
So statement II is sufficient to give the answer.

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