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The following questions are accopanied b...

The following questions are accopanied by three statements (A) or (I), (B) or (II), and (C) or (III). You have to determine which statement(s) is/are sufficient/necessary to answer the questions.
What is the cost price of an article?
A.-After allowing a discount of 15% on marked price the shopkeeper charges Rs 1020 for it.
B. If he had not allowed any discount, he would have had a profit of `47 (1)/(17)%.`
C. If he had allowed only 10% discount on marked price, he would have had `32 (6)/(17)%` profit

A

Any two of them

B

Only A and B together

C

Only B and C together

D

A and either B or C

Text Solution

AI Generated Solution

The correct Answer is:
To determine the cost price of an article, we will analyze the statements provided one by one and see if they are sufficient to answer the question. ### Step-by-Step Solution: 1. **Understanding Statement A**: - Statement A states that after allowing a discount of 15% on the marked price, the shopkeeper charges Rs 1020. - Let the marked price be \( MP \). - The selling price after the discount is given by: \[ SP = MP \times \left(1 - \frac{15}{100}\right) = MP \times \frac{85}{100} \] - Setting this equal to Rs 1020: \[ MP \times \frac{85}{100} = 1020 \] - Rearranging gives: \[ MP = \frac{1020 \times 100}{85} = 1200 \] - However, we need to find the cost price (CP), and we cannot determine CP from this statement alone. Thus, **Statement A is not sufficient**. 2. **Understanding Statement B**: - Statement B states that if no discount was allowed, the profit would have been \( 47 \frac{1}{17}\% \). - This can be converted to an improper fraction: \[ 47 \frac{1}{17} = \frac{800}{17}\% \] - If the marked price is Rs 1200 (from Statement A), then the selling price without discount is also Rs 1200. - The profit percentage formula is: \[ \text{Profit} = \frac{SP - CP}{CP} \times 100 \] - Rearranging gives: \[ SP = CP \times \left(1 + \frac{Profit}{100}\right) \] - Substituting the values: \[ 1200 = CP \times \left(1 + \frac{800/17}{100}\right) \] - This equation can be solved for CP, thus **Statement B is sufficient**. 3. **Understanding Statement C**: - Statement C states that if a 10% discount was given on the marked price, the profit would have been \( 32 \frac{6}{17}\% \). - Converting to an improper fraction: \[ 32 \frac{6}{17} = \frac{550}{17}\% \] - The selling price with a 10% discount on the marked price of Rs 1200 is: \[ SP = 1200 \times \left(1 - \frac{10}{100}\right) = 1200 \times 0.9 = 1080 \] - Using the profit percentage formula: \[ 1080 = CP \times \left(1 + \frac{550/17}{100}\right) \] - This equation can also be solved for CP, thus **Statement C is sufficient**. ### Conclusion: - **Statement A** alone is not sufficient. - **Statement B** alone is sufficient. - **Statement C** alone is sufficient. Since we can find the cost price using either Statement B or Statement C along with Statement A, the answer is that we need **Statement A and either Statement B or Statement C**. ### Final Answer: The correct option is **A and either B or C**.
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