Find the cost price of an article given the following statements: Statement I: An article is marked up by T % above its cost price and sold at a disco...
Question
Find the cost price of an article given the following statements:
Statement I: An article is marked up by T% above its cost price and sold at a discount of 20%, resulting in a profit of 44% for the shopkeeper.
Statement II: If the shopkeeper offers a discount of 40% on the marked price, the shopkeeper still earns a profit of Rs. 16.
Statement III: If the shopkeeper does not allow any discount on the marked price, the selling price will be Rs. 160 more than the cost price of the article.
Which of the following combinations of statements is sufficient to find the cost price of the article?