Read the question below followed by two statements and decide which statement(s) is/are sufficient to answer the question.
Question:
What will be the total cost of 28 bags if each of them costs the same?
Statements:
I. One-fifth of the cost of each bag is ₹50.
II. The total cost of three bags is ₹250 more than the total cost of two bags.
1
Statement I alone is sufficient while statement II alone is not sufficient
2
Statement II alone is sufficient while statement I alone is not sufficient
3
Either statement I or II is sufficient
4
Both statements I and II are sufficient