Directions: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and give answer. |
[United India Insurance (AO) 2013] |
What is the profit earned by selling a printer for Rs. 3000? |
I. The cost price of 6 such printers is equal to selling price of 5 such printers. |
II. 20% profit is earned by selling each printer. |
A) If the statement I alone is sufficient to answer the question but the statement II alone is not sufficient
B) If the statement II alone is sufficient to answer the question but the statement I alone is not sufficient
C) If both statements I and II together are needed to answer the question
D) If either the statement I alone or statement II alone is sufficient to answer the question
E) If you cannot get the answer from the statements I and II together but need even more data
Correct Answer: D
Solution :
From statement I, |
From statement II, we can also find the answer. |
Let CP of 1 printer be Rs. 1. |
\[\therefore \]CP of 6 printers is Rs. 6 |
and SP of 5 printers is Rs. 6. |
\[\therefore \text{Gain}\]%\[=\frac{1}{5}\times 100=20\]% |
\[\because \]\[\text{CP}=\frac{100}{120}\times 3000=\text{Rs}.\,\,2500\] |
\[\therefore \]\[\text{Gain}=\text{Rs}.\,\,(3000-2500)=\text{Rs}.\,\,500\] |
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