Discussion :: Profit and Loss

By selling a product with 20% profit, how much profit was earned?
I.The difference between cost and selling price is Rs. 40.
II.The selling price is 120 percent of the cost price.
A.
I alone sufficient while II alone not sufficient to answer 

B.
II alone sufficient while I alone not sufficient to answer 

C.


D.
Both I and II are not sufficient to answer 

E.
Both I and II are necessary to answer 
Answer : Option A
Explanation :
Gain = 20%
I. Profit = (S.P.)  (C.P.) = Rs. 40.
Thus, I give the answer. But, II does not give the answer.
Be The First To Comment