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 would have been the selling price per kg of rice? I. 50 kg of rice was purchased for ₹ 3350 and ₹ 150 were spent on transport. II. Profit earned was 5%.

### Concept & Logic To find the Selling Price (SP) per unit, you need the Total Cost Price (including overheads) per unit and the Profit Percentage (or absolute profit per unit). $$ \text{Total Cost Price} = \text{Purchase Price} + \text{Overheads (Transport)} $$ $$ \text{Selling Price} = \text{Cost Price} \times \left(1 + \frac{\text{Profit \%}}{100}\right) $$ ### Step-by-Step Solution We need the SP per kg. - Evaluating Statement I: Total Cost = $3350 + 150 = 3500$ for 50 kg. Therefore, CP per kg = $\frac{3500}{50} = \text{₹ } 70$. However, without knowing the profit or loss margin, we cannot determine the Selling Price. Insufficient. - Evaluating Statement II: It states the profit earned was $5\%$. Without knowing the Cost Price, this percentage cannot be applied to find an absolute Selling Price. Insufficient. - Combining I and II: We have CP per kg (₹ 70) and Profit Percentage ($5\%$). We can calculate the SP per kg as $70 \times 1.05 = \text{₹ } 73.5$. - Both statements together are required to find the exact selling price per kg. ### Exam Strategy & Shortcut Identify the missing variables. The question asks for SP. Statement I gives total CP. Statement II gives Profit %. Both pieces (CP and Profit margin) are strictly necessary to calculate SP. ### Common Pitfall Forgetting to include the transport cost (overheads) into the total Cost Price. Overheads are always added to the initial purchase price before calculating profit. ### Final Answer Therefore, the correct answer is **if the data in both Statements I and II together are necessary to answer the question.**