19.
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By selling a product with 20% profit, how much profit was earned?
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I.
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The difference between cost and selling price is Rs. 40.
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II.
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The selling price is 120 percent of the cost price.
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A.
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I alone sufficient while II alone not sufficient to answer
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B.
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II alone sufficient while I alone not sufficient to answer
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C.
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Either I or II alone sufficient to answer
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D.
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Both I and II are not sufficient to answer
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E.
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Both I and II are necessary to answer
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Answer: Option A
Explanation:
Gain = 20%
I. Profit = (S.P.) - (C.P.) = Rs. 40.
Thus, I give the answer. But, II does not give the answer.
Correct answer is (A).
