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  9. Q101

RBI Grade B Officer (General / DEPR / DSIM) 2023 · Question 101 of 260

The question consists of two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. A shopkeeper sold an article. Find the selling price of the article. Statement-I: The selling price of article is 45% more than the cost price of article. Marked price of article is 10% more than the selling price, and the amount of discount offered is Rs. 870. Statement-II: Profit made by the shopkeeper is 45%. Had the article was sold for Rs. 300 more, the shopkeeper would have earned 50% profit.

Profit & Loss

  1. A1. 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.
  2. B2. 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.
  3. C3. The data either in statement I alone or in statement II alone are sufficient to answer the question.Correct
  4. D4. The data given in both statements I and II together are not sufficient to answer the question.
  5. E5. The data in both statements I and II together are necessary to answer the question.

Answer: C. 3. The data either in statement I alone or in statement II alone are sufficient to answer the question.

Explanation

3 Detailed solution: Statement-I: Let the cost price of the article be Rs. ‘x’. Selling price of the article = Rs. 1.45x Marked price of the article = 1.1 × 1.45x = Rs. 1.595x Now, 1.595x – 1.45x = 870 0.145x = 870 x = 6000 So, the selling price of the article = 1.45 × 6000 = Rs. 8700 So, statement-I alone is sufficient to answer the question. Statement-II: Let the cost price of the article be Rs. ‘x’. 1.5x – 1.45x = 300 0.05x = 300 x = 6000 So, the selling price of the article = 1.45 × 6000 = Rs. 8700 So, statement-II alone is sufficient to answer the question.

Source: RBI Grade B 2023 – Phase 1 recollected questions with answer key (EduTap compilation) · memory-based

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