Directions: In the following questions, two equations numbered I and II are given. You have to solve both the equations and give answer. |
What was the per cent profit/loss made/incurred by selling an article for Rs. 24000? |
I. The ratio between the selling price and the cost price of the article is 5: 3, respectively. |
II. The difference between the cost price and the selling price is Rs. 9600. |
A)
If
B)
If
C)
If
D)
If
E)
If or the relationship cannot be established
Correct Answer: C
Solution :
From statement I, |
Cost price of the article ![]() |
Profit ![]() |
![]() ![]() |
From statement II, |
Cost price ![]() |
Hence, profit per cent can be determined. |
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