1.

1). If the data in statement l alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.2). If the data in statement II alone is sufficient to answer the question, while the data in statement l alone is not sufficient to answer the question.3). If the data either in statement l alone or in statement Il alone is sufficient to answer the question.4). If the data given in both statements I and II together is not sufficient to answer the question.

Answer»

Considering statement I:

Let the selling price = SP = 4x and cost price = CP = 3x

It is given that SP = Rs. 12,000

HENCE 4x = 12000

x = 12000/4

x = 3000

3x = 9000

Now that we know the CP and SP, where SP > CP (profit), we can place their values in the FORMULA for profit percent.

$(Profit\% = \frac{{Profit}}{{CP}} \TIMES 100)$

$(= \frac{{SP - CP}}{{CP}} \times 100)$

$(= \frac{{12000 - 9000}}{{9000}} \times 100)$

= Rs. 33.33

Profit percent can be found by using statement I ALONE.

Considering statement II:

We do not know if its profit or loss. Hence we cannot find the percentage of it.

Profit or loss percent cannot be found by using statement II alone.

Statement I alone is sufficient, but statement II alone is not sufficient.



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