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The following questions are accompanied ...

The following questions are accompanied by two statements (A), (B). You have to determine which statements(s) is/are sufficient/ necessary to answer the questions.
A shopkeeper sells articles at a certain profit. Find the amount of profit if the profit is 20%.
A. If the cost price increases by Rs 100 and selling price remains the same, the profit percentage becomes 12.5%
B. Marked price is Rs 500 above the cost price and average of SP and Marked price is Rs 1900.

A

Statement A alone is sufficient to answer the question but statement B alone is not sufficient to answer the questions.

B

Statement B alone is sufficient to answer the question but statement A alone is not sufficient to answer the question.

C

Both the statements taken together are necessary to answer the questions.

D

Either statement A or statement B by itself is sufficient to answer the question.

Text Solution

AI Generated Solution

The correct Answer is:
To determine the amount of profit when the profit percentage is given as 20%, we analyze the provided statements (A) and (B) to see if either or both are sufficient to answer the question. ### Step-by-step Solution: 1. **Understanding the Problem:** - We need to find the amount of profit when the profit percentage is 20%. - Profit percentage is calculated as: \[ \text{Profit Percentage} = \left( \frac{\text{Selling Price} - \text{Cost Price}}{\text{Cost Price}} \right) \times 100 \] 2. **Analyzing Statement A:** - Statement A states: "If the cost price increases by Rs 100 and selling price remains the same, the profit percentage becomes 12.5%." - Let the original cost price be \( CP = X \). - The selling price at 20% profit is: \[ SP = X + 0.2X = 1.2X \] - If the cost price increases by Rs 100, the new cost price becomes \( CP' = X + 100 \). - The new profit percentage is given as 12.5%, thus: \[ \frac{SP - CP'}{CP'} \times 100 = 12.5 \] - Substituting the values: \[ \frac{1.2X - (X + 100)}{X + 100} \times 100 = 12.5 \] - Simplifying this equation: \[ \frac{1.2X - X - 100}{X + 100} \times 100 = 12.5 \] \[ \frac{0.2X - 100}{X + 100} \times 100 = 12.5 \] \[ 0.2X - 100 = 12.5 \times \frac{X + 100}{100} \] \[ 0.2X - 100 = 0.125X + 12.5 \] \[ 0.2X - 0.125X = 100 + 12.5 \] \[ 0.075X = 112.5 \] \[ X = \frac{112.5}{0.075} = 1500 \] - Now, the original cost price \( CP = 1500 \). - The profit amount can be calculated as: \[ \text{Profit} = 0.2 \times 1500 = 300 \] 3. **Analyzing Statement B:** - Statement B states: "Marked price is Rs 500 above the cost price and the average of SP and Marked price is Rs 1900." - Let the cost price be \( CP = X \). - Then the marked price \( MP = X + 500 \). - The average of the selling price and marked price is given as: \[ \frac{SP + MP}{2} = 1900 \] - Substituting the value of \( MP \): \[ \frac{SP + (X + 500)}{2} = 1900 \] - Simplifying gives: \[ SP + X + 500 = 3800 \] \[ SP = 3800 - X - 500 = 3300 - X \] - The profit percentage is given as 20%, thus: \[ \frac{SP - CP}{CP} \times 100 = 20 \] - Substituting the values: \[ \frac{(3300 - X) - X}{X} \times 100 = 20 \] \[ \frac{3300 - 2X}{X} \times 100 = 20 \] \[ 3300 - 2X = 0.2X \] \[ 3300 = 2.2X \] \[ X = \frac{3300}{2.2} = 1500 \] - The profit amount can again be calculated as: \[ \text{Profit} = 0.2 \times 1500 = 300 \] ### Conclusion: Both statements A and B are sufficient to determine the amount of profit, which is Rs 300.
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