Q4. Given below is a question followed by three statements. Study the statements and decide which of the statement(s) is/are necessary to answer the question. What was the discount percentage given?
I) On selling the table, for Rs 12650, 26.5 %, Profit was earned.
II) If there had been no discount, 30% would have been earned as profit.
III) The Cost price of the table was Rs 10000
Solution:
From statement – I
S.P. = Rs 12650, Profit = 26.5%
∴ C.P = 100/126.5 * 12650 = 10000
From statement II
Mark Price = 130% of C.P. = Rs 13000
∴ From statement I and II
Discount = Rs (13000 - 12650) = Rs 350
Discount % = 350/13000
* 100 and Therefore, can be calculated
∴ Statement I and II can give the answer. However, statement II and III together cannot.
The question is " Study the statements and decide which of the statement(s) is/are necessary to answer the question. What was the discount percentage given? "
Statement I and II can give the answer.
Hence, the answer is Only I and II.