Previous Year Questions

From statement I: If no discount is given on the marked price of book, then the profit earned is Rs.60 more than the actual profit. Actual profit earned on selling the book is 20%.

Actual profit% = ((SP - CP)/CP) * 100 = 20

SP = (6/5) * CP

From statement II: Cost price of the book is Rs.200.

CP = 200

From statement I and II:

SP = 200 * 6/5 = 240

Then, profit earned when no discount is given = (240 - 200) + 60 = 100

Then, MP = New SP = CP + new profit = 200 + 100 = Rs.300

Hence, both statements I and II together are sufficient to find the answer.