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.
The ratio of the cost prices of articles 'A', 'B' and 'C' is 8 : 5 : 3.The percentage by which article 'A', article 'B' and article 'C' are marked up is 80%, 60%, and 40% respectively. Find the cost price of article 'C' ?
Statement (I) : The ratio of the selling prices of article 'A', article 'B', and article 'C' is 10 : 7 : 13.
Statement (II) : Total profit earned on the three articles is Rs. 120 less than the total discount given on the three articles together.
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.