Exams › IBPS PO › General Awareness
Navya buys two articles A and B at the same cost price, Rs. P. She marks up both articles by 75% above their cost price. Then she sells article A at a discount of Rs. 268 and article B at a discount of 20%. Which of the following statements is/are definitely correct? I. The profit earned by selling article B is greater than that by article A. II. The discount percentage given on article A is more than that on B. III. She earned equal profits by selling both the articles.
- Only I
- Only II
- None of the above
- Only III
Correct answer: None of the above
Solution
Marked price of each article = 175% of cost price = 1.75P. For A, discount is Rs. 268, so selling price = 1.75P − 268. For B, discount is 20%, so selling price = 80% of 1.75P = 1.4P. Without knowing P, the statements cannot be definitely concluded as true, so none of the given statements is definitely correct.
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