What is the cost price of the table?

    I. The percent profit made when table is sold for INR 1,054/- is twice as much as it is when it sold for INR 952/-

    II. The marked price of the table is INR 1,105/-, If a discount of 20% is given on the marked price , the profit gained is 4%.

  • If the data in statement I alone are sufficient to answer the question while the data in statement II alone are not sufficient to answer the question
  • If the data in statement II alone are sufficient to answer the question while the data in statement I alone are not sufficient to answer the question.
  • If the data in both the statements I and II together are sufficient to answer the question.
  • If the data either in statements I or in statement II alone are sufficient to answer the question.
  • If the data in both the statements together are not sufficient to answer the question.
  • Explanation:

    From the statement II, Marked price = INR 1105/-

    Discount = 20%

    ∴ Selling Price =80/100 ×1105

    = INR 884/-

    Profit gained = 4%

    ∴ Cost Price = 884 × 100/104

    = INR 850/-

     

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What is the cost price of the table? I. The percent profit made when table is sold for INR 1,054/-
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