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Instructions
Each question is followed by two statements, I and II. Mark the answer
Question 81
What is the selling price of the article?
I. The profit on sales is 20%.
II. The profit on each unit is 25% and the cost price is Rs. 250.
Solution
Cosidering first statement alone:
sp = $$\frac{6cp}{5}$$ (Where cp is cost price and sp is selling price)
But nothing absolute value can be derived from this information only
Now considering second statement alone:
sp = $$\frac{5cp}{4}$$ (Where sp is selling price and cp is cost price)
cp is equals to 250 rs.
Now we can derive value of sp from above equation.
Hence answer will be C.
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