[Excise and Taxation Inspector 2021]

6. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question.

By selling an article what is the profit percent gained?

I. 5% discount is given on list price.

II. If discount is not given, 20% profit is gained.

III. The cost price of the article is ₹ 5000.

1. Only I and II

2. Only II and III

3. Only I and III

4. All I, II and II

Correct Answer :

Only I and II