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Each question below is followed by two statements A and B You are to determine whether the data given in the statement is sufficient for answering the question You should use the data and your knowledge of Mathematics to choose between the possible answer
Give answer a)If the statement A alone is sufficient to answer the question but the statement B alone is not sufficient.
Give answer b)If the statement B alone is sufficient to answer the question but the statement A alone is not sufficient
Give answer c)If both statement A and B together are needed to answer the question
Give answer d)If either the statement A alone or statement B alone is sufficient to answer the question
Give answer e)If you cannot get the answer from the statement A and B together but need even more data
What is the profit earned by selling a watch for Rs 15,675 ?
A.The cost price of 5 such watches is equal to the selling price of 4 such watches
B.25% profit is earned by selling each watch
Let CP be Cost price and SP be the Selling Price.
From I we can get that, 5CP=4SP
We know SP for one watch. Hence CP can be calculated.
Once, CP is known profit can be calculated byProfit = SP-CP
From II we can get that, 25% of profit is gained by selling each watch.
We can Profit = SP - CP i.e 0.25CP = SP - CP
From this equation, CP can be calculated and thereby Profit.
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