Given below are two quantities named I and II. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose among the possible answers.
Quantity I: Mr. D allows a discount of 5% to his customer on an article. The cost price of the article is 20% of the selling price. Find profit percent.
Quantity II: A garment merchant marked a price on an article which gives him a profit of 12%. He allows a certain discount and his profit reduced to 6.8%. Find the discount percent.1
Quantity I > Quantity II
2
Quantity I < Quantity II
3
Quantity I ≥ Quantity II
4
Quantity I ≤ Quantity II
5
Quantity I = Quantity II