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
• B. Only III
• C. Only II & III
• D. Only I and III
• E. Only I and II

Answer 1

The correct option is D Only I and III

Let the marked price of the article be Rs x.
From statement II,
$\frac{95\times x}{100}=608\Rightarrow x=\frac{608\times 100}{95}=Rs640$
From statements I and III,
Marked price $=\frac{128\times 500}{100}$
=Rs 640
So statement II is sufficient to give the answer.