The following question has three statements. Study the question and the statements to decide which of the statement(s) is/are necessary to answer the question.
Find the ratio of marked price and cost price.
Statement I: If someone buys 6 articles at marked price, he gets 2 articles free
Statement II: Profit earned by the shopkeeper is 12.5%
Statement III: Discount of 25% is provided on marked price
1
Statement (I) alone is sufficient
2
Statement (III) alone is sufficient
3
Either Statement (II) or (III) and statement (I) are required
4
Statement (I) and (III) together are sufficient
5
Either Statement (I) or (III) and statement (II) are required