The question consists of two statements numbered “I” and “II” given below it. You have to decide whether the data provided in the statements are sufficient to answer the question or not and choose the correct option accordingly.
The cost price, selling price and market price of a product are in arithmetic progression. If the cost price and selling price are interchanged what is the ratio of profit % made initially to discount % offered after interchanging was done?
Statement I: The product was marked up by 40% initially.
Statement II: The discount offered initially was 20%.
1
The data in statement II alone is sufficient to answer, while the data in statement I alone is not sufficient to answer the question.
2
If statement II alone is sufficient to answer the question and statement I alone is not sufficient to answer the question.
3
If each statement alone can answer the question.
4
If both statement together are needed to answer the question.
5
If question can’t be answered even after using both statement together.