The question consists of two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.
A shopkeeper sold an article. Find the selling price of the article.
Statement-I: The selling price of article is 45% more than the cost price of article. Marked price of article is 10% more than the selling price, and the amount of discount offered is Rs. 870.
Statement-II: Profit made by the shopkeeper is 45%. Had the article was sold for Rs. 300 more, the shopkeeper would have earned 50% profit.
1
The data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question.
2
The data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
3
The data either in statement I alone or in statement II alone are sufficient to answer the question.
4
The data given in both statements I and II together are not sufficient to answer the question.
5
The data in both statements I and II together are necessary to answer the question.