Each question below is followed by two statements I and II. You have to determine whether the data given in the statements are sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer.
The combined cost of three articles in a shop is Rs.4200. Two article sold at profit of 25% and 12.5% and third article is sold such that there is a loss of Rs.630. What is the loss percentage incurred on third article.
I. The difference between cost price of highest article and lowest article is Rs.600. The costliest article is sold at a loss.
II, The cheapest item is sold at 25% profit. The the price of one of that article is the average price of the cheapest and costliest item.
If the data in statement I alone is sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question.
If the data even in both the statements I and II together are not sufficient to answer the question.