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Each question is followed by two statements, I and II. Mark the answer
What is the cost price of the article?
I. After selling the article, a loss of 25% on cost price is incurred.
II. The selling price is three-fourths of the cost price.
Considering first statement alone:
When loss is 25% on cost price, selling price will be $$\frac{3}{4}$$th of cost price but we can't get the absolute value of cost price.
Considering second statement alone:
As this statement can also be derived from 1st statement, but we need some other informations to get value of cost price
So answer will be A.
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