Direction: Each of the questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and Read both the statements and give answer
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What was the cost price of the suitcase purchased by Samir?
I. Samir got 20 percent concession on the labeled price.
II. Samir sold the suitcase $ 2000 with 25 percent profit on the labeled price.
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- If the data in statement I alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
- If the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question
- If the data either in statement I alone or in statement II alone are sufficient to answer the question.
- If the data even in both statements I and II together are not sufficient to answer the question.
- Combining statement I and statement II
- If the data in statement I alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
Correct Option: E
As per the given all details in above question , we have
Let the labelled price be $100.
From statement I , Concession on the labeled price = 20%
From statement II , Samir sold the suitcase = $ 2000 and profit = 25%
Combing both the statements together,
Now, SP of the suitcase = 125% of 100 = $125
| ∴ Labelled price = | 2000 | x 100 = $ 1600 | 125 |
| ∴ CP of the suitcase = 1600 x | 3 | = $ 1200 | 4 |
