A shopkeeper marks up a pen at a certain percentage above its cost price. If the marked price of the pen is Rs. Y Y Y , find the value of Y Y Y . Give...

Banking IBPS PO Mains Medium Simplification MCQ

Question

A shopkeeper marks up a pen at a certain percentage above its cost price. If the marked price of the pen is Rs. $Y$ , find the value of $Y$ .

Given the following statements:

Statement I: $Y$ is marked up 80% above the cost price.

Statement II: The cost price of the pen is Rs. $X$ . If the shopkeeper allows a discount of 4% on the marked price, he makes a profit of 8%.

Statement III: The cost price of the pen is Rs. $P$ . If the shopkeeper allows a discount of $22\frac{2}{9}%$ on the marked price, he makes a profit of Rs. 70.

Which of the following options is correct regarding the sufficiency of the statements to find $Y$ ?

Options

Statement (I) alone is sufficient to answer the question.

Statement (II) alone is sufficient to answer the question.

All three statements together are necessary to answer the question.

Either statement (II) alone or statements (I) and (III) together are sufficient to answer the question.

Statement (III) alone is sufficient to answer the question.

data sufficiencyprofit and lossdiscountmarked pricecost price

A shopkeeper marks up a pen at a certain percentage above its cost price. If the marked price of the pen is Rs. Y Y Y , find the value of Y Y Y . Give...

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A shopkeeper marks up a pen at a certain percentage above its cost price. If the marked price of the pen is Rs. Y Y Y , find the value of Y Y Y . Give...

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Options

Solve This Question

Continue Practicing

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