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What is the profit earned by selling a watch for ₹ 15675? I. Total cost price of 5 such watches is equal to selling price of 4 such watches. II. 25% profit is earned by selling each watch.

Correct Answer: if either the Statement I alone or Statement II alone is sufficient to answer the question

Explanation:

From Statement I,
Selling price of watch = ₹ 15675
and the cost price of a watch = 15675 x 4/5
= ₹ 12540
∴ Profit = 15675 - 12540 = ₹ 3135
From Statement II,
Cost price of a watch
= 15675/100 + 25 x 100 = ₹ 12540
∴ Profit = 15675 - 12540 = ₹ 3135


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