Find the cost price of a watch based on the following two statements: I. A shopkeeper marks up the watch at Rs. 360 above the cost price and offers a ...
Question
Find the cost price of a watch based on the following two statements:
I. A shopkeeper marks up the watch at Rs. 360 above the cost price and offers a 10% discount on the marked price, resulting in an 8% profit.
II. When the watch is sold at a 12% profit, the difference between the selling price and the cost price is Rs. 216.
Using the information given, determine which of the following is true regarding the sufficiency of the statements to find the cost price of the watch.