Question

What was the amount of profit earned?
I. 10% discount was offered on the labelled price.
Il. Had there been no discount, profit would have been 30%.
III. Selling price was more than the cost price by 20%

• A. I and either II or III
• B. Any two of the three
• C. All I, II and III
• D. Either I or II and III
• E. Question cannot be answered even with the information in all three statements

Answer 1

The correct option is E Question cannot be answered even with the information in all three statements

Since we have no idea about labelled price or S.P. Therefore, question can't be answered even with the help of all statements together.