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What is the profit percent?

I. The cost price is $80$% of the selling price.

II. The profit is Rs. $50$.

  1. if the questions can be answered with the help of both the statements but not with the help of either statement itself.
  2. if the question can not be answered even with the help of both the statements.
  3. if the question can be answered with the help 0 statement II alone
  4. if the question can be answered with the help of statement I alone
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1 Answer

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From I,

CP = $\frac{4}{5}$ SP

Profit = SP - CP = $\frac{5}{4}$ CP - CP = $\frac{CP}{4}$

% Profit = $\frac{Profit}{CP}$ * 100

             = $\frac{CP/4}{CP}$ * 100

             = 25 %

So, statement I is alone sufficient but not statement II.

D is the answer.

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