Given below are two statements :
Statement I: An item is sold for ₹145 at a loss of 20%. The cost price of the item is ₹185.
Statement II: The average of first 30 natural numbers is 15.5.
In light of the above statements, choose the correct answer from the options given below
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true