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In each question, you are given certain data followed by two statements. For answering the questions:

Mark a, if both the statements together are insufficient to answer the question.

Mark b, if any one of the two statements is sufficient to answer the question.

Mark c, if each statement alone is sufficient to answer the question.

Mark d, if both the statements together are sufficient to answer the question, but neither statement alone is sufficient.

What is the Selling Price of the article?

1. The profit on Sales is $20$%.

2. The profit on each unit is 25% and the Cost Price is Rs. $250$.

  1. if both the statements together are insufficient to answer the question.
  2. if any one of the two statements is sufficient to answer the question.
  3. if each statement alone is sufficient to answer the question.
  4. if both the statements together are sufficient to answer the question, but neither statement alone is sufficient.
asked in Logical Reasoning by (3.5k points)  
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1 Answer

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From statement I, we can't deduce the required value of SP.

From statement II, profit% and CP is given, from these value we can find SP using the formula as:-

Selling Price (SP) :-

=> [ (100 + profit %) / 100 ] x CP

Hence option B is Correct.
answered by (920 points)  

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