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 or not and choose the correct option accordingly.
There are two articles 'P' and 'Q'. The selling price of article 'Q' is Rs.240 more than that of article 'P'. Find the selling price of article 'P'?
Statement I: Article 'P' is marked up by 20% above its cost price and the discount offered on article 'Q' is Rs.390.
Statement II: Article 'Q' is marked up by Rs.90 above its cost price and the discount offered on article 'P' is Rs.540.
1
The data in statement I alone is sufficient to answer, while the data in statement II alone is not sufficient to answer the question.
2
The data in statement II alone is sufficient to answer, while the data in statement I alone is 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.