Directions: The following question is accompanied by three statements (I), (II), and (III). You have to determine which statements(s) is/are sufficient/necessary to answer the questions.A person marks the price of an article as Rs. y. What is the cost price of the article?Statement I: The marked price of the article is 80% more than its cost price and the person sells it at 2x% discount. Statement II: The person gains 8% if he sells the article at x% discount and his profit is Rs. 5y.Statement III: The person loses 12% on selling the article at a discount of Rs. 217..

• A. The data in statement I and statement II are sufficient to answer the question, while the data in statement III alone is not sufficient to answer the question.
• B. The data in statement II alone is sufficient to answer the question, while the data in statement I and III is not sufficient to answer the question.
• C. The data in statements I alone or in statement II alone is sufficient to answer the question, while the data in statement III alone is not sufficient to answer the question.
• D. The data in all the statements I, II and III is not sufficient to answer the question.
• E. The data in statements I and statement II are sufficient to answer the question, while the data in statement III alone is not sufficient to answer the question.