In the following question, two statements are numbered as A and B. On solving these statements, we get quantities A and B respectively. Solve both quantities and choose the correct option.
Quantity I: A shopkeeper sells an item with a discount on Online payment and without discount on Offline payment. The marked price of an item is Rs. 500. He offers a discount of 5% for online payment. He sells two items one with discount and another without a discount. The profit percentage on the whole transaction is 21.875%. Find the cost price of an item.
Quantity II: Rs. 3501
Quantity I ≥ Quantity II
2
Quantity I ≤ Quantity II
3
Quantity I < Quantity II
4
Quantity I > Quantity II
5
Quantity I = Quantity II or No relation