CAT 1995 | Question: 95

Question

What is the profit percent?

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

II. The profit is Rs. $50$.

• A. if the questions can be answered with the help of both the statements but not with the help of either statement itself.
• B. if the question can not be answered even with the help of both the statements.
• C. if the question can be answered with the help 0 statement II alone
• D. if the question can be answered with the help of statement I alone

Answer 1

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.