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Question:
Given below are two statements:
Statement I : The difference between the cost price and sale price of an article is ₹ 240. If the profit is 20%, then the selling price is ₹ 1440.
Statement II: If the cost price of 10 DVDs is equal to the selling price of 7 DVDs, then the gain percent is \(42\frac{6}{7}\).
In the light of the above statements, choose the most appropriate answer from the options given below:
Given below are two statements:
Statement I : The difference between the cost price and sale price of an article is ₹ 240. If the profit is 20%, then the selling price is ₹ 1440.
Statement II: If the cost price of 10 DVDs is equal to the selling price of 7 DVDs, then the gain percent is \(42\frac{6}{7}\).
In the light of the above statements, choose the most appropriate answer from the options given below:
Statement I : The difference between the cost price and sale price of an article is ₹ 240. If the profit is 20%, then the selling price is ₹ 1440.
Statement II: If the cost price of 10 DVDs is equal to the selling price of 7 DVDs, then the gain percent is \(42\frac{6}{7}\).
In the light of the above statements, choose the most appropriate answer from the options given below:
Updated On: Aug 29, 2024
- Both Statement I and Statement II are correct
- Both Statement I and Statement II are incorrect
- Statement I is correct but Statement II is incorrect
- Statement I is incorrect but Statemenent II is correct
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The Correct Option is A
Solution and Explanation
The correct option is(A): Both Statement I and Statement II are correct
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