Difficulty: Easy
Correct Answer: Either statement I alone or statement II alone is sufficient.
Explanation:
Introduction / Context:
We must judge sufficiency to compute the profit per watch given a selling price (SP) of ₹ 15,675. Each statement independently might let us compute cost price (CP), then profit = SP - CP.
Given Data / Assumptions:
Concept / Approach:
If CP can be derived, profit = SP - CP is uniquely determined. We check each statement independently.
Step-by-Step Solution:
Verification / Alternative check:
Both independent routes yield the same CP and profit. No extra information is required beyond either statement.
Why Other Options Are Wrong:
Common Pitfalls:
Mixing up 25% of SP vs of CP (profit% is on CP). Also, forgetting that 5 CP = 4 SP refers to SP per watch already given.
Final Answer:
Either statement I alone or statement II alone is sufficient.
Discussion & Comments