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Find cost price of article. I: SP-CP=20, markup=40%, MP:SP=7:6. II: CP:SP=5:6, discount=14.28%, profit=₹20.

1. 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
2. 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
3. The data either in statement I alone or in statement II alone is sufficient to answer the question
4. The data given in both statements I and II together are not sufficient to answer the question

Correct answer: The data either in statement I alone or in statement II alone is sufficient to answer the question

Solution

I: Mark-up 40%→MP=1.4CP. MP:SP=7:6→SP=6/7×1.4CP=1.2CP. SP-CP=0.2CP=20→CP=₹100 ✓. II: CP:SP=5:6→SP=1.2CP. Profit=SP-CP=0.2CP=20→CP=₹100 ✓. Both independently sufficient.

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