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What profit shopkeeper made on article?

I. Shopkeeper sold article on 5% discount at Rs.7600.

II. If shopkeeper sold article on marked price, he would made a profit of 25%.

a

Only statement I is sufficient

b

Only statement II is sufficient

c

Statement I and II both are required

d

Either statement I or Statement II alone sufficient

e

Neither statement I or statement II sufficient

Answer : Option C
Explanation :

Form I -

Selling price of article =7600=7600 Rs.

Marked price of article =760095×100=8000=frac{7600}{95} imes 100=8000 Rs.

From II -

Cost price =8000125×100==frac{8000}{125 imes 100}= Rs 6400

From I & II –

Profit of shopkeeper = 7600 – 6400 = 1200 Rs.

So, statement I and statement II together required to answered the question

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