Data Sufficiency - Selling Price

CAT 1996 Slot 1 · QA · Easy · QA

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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.

  1. A.

    if the question cannot be answered even with the help of both the statements taken together

  2. B.

    if the question can be answered by any one of the two statements

  3. C.

    if each statement alone is sufficient to answer the question, but not the other one

  4. D.

    if both statements I and II together are needed to answer the question

Answer

C

Explanation

Statement II provides cost price (Rs. 250) and profit percentage (25%), from which SP can be uniquely determined (250×1.25=312.5250 \times 1.25 = 312.5). Statement I alone gives no absolute monetary value.

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