Question

What is the original cost price of a radio which has been sold at for Rs. 1,000 ?
I. If a discount of 10% was given on the list price, the profit will lesser by Rs. 50.
II. The list price of the radio was marked up by 20% over its original cost.

• A. If the question can be answered by anyone of the statements alone, but cannot be answered by using the other statement alone.
• B. If the question can be answered by using either statement alone.
• C. If the question can be answered by using both the statements together, but cannot be answered by using either statement alone.
• D. If the question. cannot be answered even by using both the statements together.

Answer 1

The correct option is C If the question can be answered by using both the statements together, but cannot be answered by using either statement alone.

$Letthecostpricebex.0.2xistheprofitearnednow.Hadadiscountbeengiven,sellingpricewouldhavebeen:0.9\ast 1.2x=1.08x1.2x-1.08x=50.12x=50x=416.66$