SBI Junior Associate 2023 · Question 7 of 188

Find the profit percentage. Statement I: Difference between the marked price and cost price is Rs.1000. Statement II: A shopkeeper offers a discount of 14.28%. If the ratio of the cost price to the marked price is 5:7.

data-sufficiency

AA. The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.
BB. The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.
CC. The data either in statement I alone or in statement II alone is sufficient to answer the question.
DD. The data given in both statements I and II together are not sufficient to answer the question.Correct
EE. The data given in both statements I and II together are necessary to answer the question.

Answer: D. D. The data given in both statements I and II together are not sufficient to answer the question.

Explanation

From statement I: not sufficient. From statement II: SP = 7a x (100-14.28)/100 = 7a x 6/7 = 6a; profit % = (6a-5a)/5a x 100 = 20%. So Statement II alone is sufficient to answer the question.

Source: SBI Clerk Mains Memory Based Paper 2023 - Quant (Guidely, via bhagyaachievers.com) · memory-based

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