Directions: Each of the questions given below consists of a statement and/or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is/are sufficient to answer the question. Read both the statements and Give answer (a) 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; Give answer (b) if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question; Give answer (c) if the data either in Statement I or in Statement II alone are sufficient to answer the question; Give answer (d) if the data even in both Statements I and II together are not sufficient to answer the question; Give answer (e) if the data in both Statements I and II together are necessary to answer the question. What is the profit earned by selling a laptop for ₹ 26250? (Bank P.O., 2009) I. The cost price of 5 such laptops is equal to selling price of 4 such laptops. II. 25% profit is earned by selling each laptop.
Verbal Reasoning
Data Sufficiency
Difficulty: Medium
Choose an option
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Aif 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;
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Bif the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question;
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Cif the data either in Statement I or in Statement II alone are sufficient to answer the question;
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Dif the data even in both Statements I and II together are not sufficient to answer the question;
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Eif the data in both Statements I and II together are necessary to answer the question.
Answer
Correct Answer: if the data either in Statement I or in Statement II alone are sufficient to answer the question;
Explanation
### Concept & Logic
To find the actual profit amount, you need the Selling Price (SP) and the Cost Price (CP). Since the actual SP is provided in the question stem (₹ $26250$), any statement that allows you to calculate the CP (or the profit directly) will be sufficient.
### Step-by-Step Solution
* **Target:** Find Profit. Given: $\text{SP} = 26250$.
* **Evaluate Statement I:** Cost price of $5$ laptops = Selling price of $4$ laptops.
* $5 \times \text{CP} = 4 \times \text{SP}$
* We know $\text{SP} = 26250$, so $5 \times \text{CP} = 4 \times 26250$.
* $5 \times \text{CP} = 105000 \Rightarrow \text{CP} = 21000$.
* $\text{Profit} = \text{SP} - \text{CP} = 26250 - 21000 = \text{₹ } 5250$.
* Statement I gives a definitive answer. Sufficient alone.
* **Evaluate Statement II:** $25\%$ profit is earned by selling each laptop.
* $\text{SP} = \text{CP} + 0.25\text{CP} = 1.25\text{CP}$.
* $26250 = 1.25\text{CP} \Rightarrow \text{CP} = \frac{26250}{1.25} = 21000$.
* $\text{Profit} = \text{SP} - \text{CP} = 26250 - 21000 = \text{₹ } 5250$.
* Statement II also gives a definitive answer. Sufficient alone.
### Exam Strategy & Shortcut
Realize that both statements are essentially providing the exact same profit markup. $5\text{CP} = 4\text{SP}$ means $\text{SP}/\text{CP} = 5/4 = 1.25$, which is exactly a $25\%$ profit. Since both statements provide the profit ratio, and the absolute SP is known, either one uniquely solves the problem.
### Common Pitfall
Calculating the entire final answer out of habit. In Data Sufficiency, once you set up the equation $5\text{CP} = 4(26250)$ and realize it has only one unknown ($\text{CP}$), you can stop and mark it sufficient to save time.
### Final Answer
Therefore, the correct answer is **if the data either in Statement I or in Statement II alone are sufficient to answer the question;**.