LIC AAO 22 Mar 2015 Paper

Question : 36 of 160

Marks: +1, -0

What is the marked price of the table which was sold at «discounted price?
(I) The marked price of the table is 40% above the cost price of the table. Two consecutive discounts were given while selling the table.
(II) The table was sold for Rs. 239.40. The percentage of discount given for second time while selling the table is double the percentage of discount given for the first time while selling the tnblc

if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question
if the data in Statement II alone arc sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.
if the data in Statement I alone or in Statement II alone are sufficient to answer the question
if the data in both the Statements I and II together are not sufficient to answer the question.
if the data in both the Statements I and II together are necessary to answer the question.

Validate

Solution:

From statements I and II. If the C.P be Rs. x, then
Marked price =

{140x}/{100}

= Rs .

{7x}/5

If the rate of discounts be y% and 2y% then

{7x}/5

× (100 - y) % (100 - 2y) % = 239.40
There are two unknown quantities

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