Find the amount of loss suffered by the seller if he sells the watch for Rs. 3000?
Statement I: When the watch is marked 40% above the cost price and 25% discount is given, then the profit earned is Rs. 175.
Statement II: If the watch is sold at 20% profit then the selling price will be Rs. 4200.1
Statements I and II together are required to answer the question.
2
Statement II alone is sufficient to answer the question.
3
Statement I alone is sufficient to answer the question.
4
Either statement I or statement II alone is sufficient to answer the question.
5
Both Statements I and II together are not sufficient to answer the question.