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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 IIILet the marked price of the article be Rs x. From statement II, 95×x100=608⇒x=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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