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In the given questions, two quantities are given, one as Quantity I and another as Quantity II. You have to determine relationship between two quantities and choose the appropriate option.
a: If quantity I ≥ quantity II
b: If quantity I > quantity II
c: If quantity I < quantity II
d: If quantity I = quantity II or the relationship cannot be established from the information that is given
e: If quantity quantity II
What is the ratio between the marled price of two identical items, P and Q, which had been purchased at the same price ?
I. Item P was sold at a profit of 20%, while item Q was sold at a loss of 10%.
II. Item P was sold at a discount of 4%. The percentage by which Item Q’s cost price had been marked up is 2.5 times the profit % earned on selling item P.
III. The overall profit earned on selling items P and Q was 5%.
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