Direction: Each of the questions below consists of a question and three statements numbered I, II and III given below it. You have to study the questions and decide the data in which of the statements are sufficient to answer the questions.
-
What was the amount of profit earned?
I. 10% discount was offered on the labelled price.
II. Had there been not discount, profit would have been 30%
III. Selling price was more than the cost price by 20%
-
- I and either II or III
- Any two of the three
- All I, II and III
- Either I or II and III
- Question cannot be answered even with the information in all three statements.
Correct Option: E
None of the statements give the amount of labelled price or SP. So, even by combining all the statements together, question cannot be answered.
Hence ,we cannot find the amount of profit earned because all the above given information are not sufficient .
