Exams › IBPS PO › General Awareness
What profit is earned by selling a bike for Rs. 50,000? I. The ratio of selling price and cost price is 2:1. II. The profit percentage by selling a bike is equal to 25%.
- Statement I alone is sufficient to answer the question but statement II alone is not sufficient to answer the question.
- Statement II alone is sufficient to answer the question but statement I alone is not sufficient to answer the question.
- Both the statements taken together are necessary to answer the question, but neither of the statements alone is sufficient to answer the question.
- Either statement I or statement II by itself is sufficient to answer the question.
Correct answer: Either statement I or statement II by itself is sufficient to answer the question.
Solution
From statement I, SP:CP = 2:1 and SP = 50000, so CP = 25000 and profit = 25000. From statement II, profit is 25% of CP, so SP = 125% of CP; with SP = 50000, CP = 40000 and profit = 10000. Each statement alone is sufficient.
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