You are given a question followed by two statements numbered I and II. You have to decide whether the data provided on the statements are sufficient to answer the question.

What is the marked price of the fan?

Statements :

I. A shopkeeper gives 20% discount on marked price of a fan and discount on fan is Rs. 700 less than the cost price of a fan.

II. A shopkeeper purchases three fans in total for Rs. 3600 and earns Rs. 240 on selling every two fans after giving a discount of 12% on each fan.

1
Both I and II is sufficient.
2
Only I is sufficient.
3
Neither I nor II is sufficient.
4
Only II is sufficient.

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