Direction: In each of the following questions, a question is asked followed by three statements. You have to study the questions and all the three statements given and decide whether any information provided in the statement(s) is/are redundant and can be dispensed with while answering the questions.
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What was the profit earned on the cost price by Mahesh by selling an article?
A. He got 15% concession on labelled price in buying that article.
B. He sold it for $ 3060
C. He earned a profit of 2% on the labelled price.
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- Only A and B together are required
- Only B and C together are required
- Only either A or C and B together are required
- Even with all A, B and C the answer cannot be arrived at.
- All A, B and C together are required.
Correct Option: E
From statement A , concession on labelled price = 15%
From statement B , Sold article = $ 3060
From statement C , Profit on article = 2%
From A and B,
| Labelled price = | 3,060 x 100 | = | $ 3600 ....(1) |
| 85 |
Combining (1) and statement C,
| Profit = 3600 x | 2 | = $ 72 ....(2) | |
| 100 |
Combining (2) and statement B,
CP = 3,060 − 72 = $ 2988
| ∴ % profit = | 72 | x 100 = 2.40 % | |
| 2988 |
Hence, all statements are required.
