1.

By selling a product with 20% profit, how much profit was earned? I.  The difference between cost and selling price is Rs. 40.  II.  The selling price is 120 percent of the cost price.

A. I alone sufficient while II alone not sufficient to answer
B. II alone sufficient while I alone not sufficient to answer
C. Either I or II alone sufficient to answer
D. Both I and II are not sufficient to answer
E. Both I and II are necessary to answer
Answer» B. II alone sufficient while I alone not sufficient to answer


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