Shopkeeper marked up a pen at certain percentage above its cost price. If…
IBPS · 2020
Shopkeeper marked up a pen at certain percentage above its cost price. If marked price of pen is Rs. Y, then find the value of Y?
Statement I – Y is marked up 80% above cost price.
Statement II – Cost price of the pen is Rs. X. If shopkeeper allows a discount of 4% on marked price, then he makes a profit of 8% on it. When shopkeeper sells the pen at marked price, then he makes a profit of Rs. 28.
Statement III – Cost price of the pen is Rs. P. If shopkeeper allows a discount of 22 ²⁄₉% on marked price, then he makes a profit of Rs. 70.
- A.
Statement (I) alone is sufficient answer the question
- B.
Statement (II) alone is sufficient to answer the question
- C.
All the three statements taken together are necessary to answer the question
- D.
Either statement (II) alone or statement (I) and (III) together sufficient to answer the question.
- E.
Statement (III) alone is sufficient to answer the question
Attempted by 17 students.
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Correct answer: D