The following question is accompanied by two statements (I) and (II). You have to determine which statement(s) is/are sufficient/necessary to answer the questions.

Calculate the net profit percentage?

I) Ashwin marks price of 1 kg packet of wheat up by 50% and offers a discount of 20% on it.

II) Faulty weight used by Ashwin, measures 1000 gm for 700 gm.

1
Only I
2
Only II
3
Both I and II
4
Either I or II
5
None of the above

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