Direction: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.
What is the marked price of the chair?
Statement I. The chair is marked 40% above the cost price.
Statement II. A discount of 60% was given due to which there was a loss of 20%. The cost price of the chair is Rs.800
The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.
The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.
Both the statements I and II together are needed to answer the question.
Either statement I alone or statement II alone is sufficient to answer the question.
Neither statement I nor statement II is sufficient to answer the question.