How much profit was made by selling a product with a 20% profit margin? I. There is a Rs. 40 gap between the cost and the selling price. II. The selling price is 120% of the purchase price.
A. I alone sufficient while II alone not sufficient to answer
B. II alone sufficient while I alone not sufficient to answer
C. Either I or II alone sufficient to answer
D. Both I and II are not sufficient to answer
Answer:A
How much profit was made by selling a product with a 20% profit margin? I. There is a Rs. 40 gap between the cost and the selling price. II. The selling price is 120% of the purchase price.
A. I alone sufficient while II alone not sufficient to answer B. II alone sufficient while I alone not sufficient to answer C. Either I or II alone sufficient to answer D. Both I and II are not sufficient to answer
Explanation: 20 percent gain.Profit = (S.P.) - (C.P.) = Rs. 40 I. Profit = (S.P.) - (C.P.) = Rs. 40.As a result, I provide the response. However, II does not provide an answer.