Each of the question below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question.
A dishonest shopkeeper professes to sell his articles at a cost price but uses a faulty scale while selling. What is the profit percentage the shopkeeper makes when he sells the article at a cost price?
Statement I. He uses a scale that weighs less by 25%.
Statement II. The cost price of the article is Rs. 30 per kg.
Statement III. If he has sold the articles at a 12.5% profit on cost price then his net profit percentage would have been 50%.
1
The data in statement I or III alone is sufficient to answer the question.
2
The data in statement I alone is sufficient to answer the question.
3
The data in statement I and II together are sufficient to answer the question.
4
The data in all the statements I, II, and III are not sufficient to answer the question.
5
None of the above.