Management Aptitude Test Dec 2019 Paper

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Directions (Q. Nos. $136-140$ ) In these questions, a question is given followed by information in three statements. You have to consider the information in all the three statements and decide the information in which of the statements is not necessarily required to answer the question and therefore can be dispensed with. Indicate your answer accordingly.

Question : 137 of 200

Marks: +1, -0

What is the labelled price of the article?
I. Cost price of the article is ₹ 500 .
II. Selling price after offering

5 \%

discount on the labelled price is

₹ 608

.
III. Profit earned would have been

28 \%

, if no discount was offered.

Only I
Only II
II and III
I and III
Either II or I and III

Validate

Solution:

Let labelled price of the article be

₹ x

.
Then, from Statement II,

95 \%

x=608

x={608 × 100}/{95}

∴ x=₹ 640

So, we can find the answer with this statement.
Now, using Statements I and III, CP = ₹ 500
Profit

=28 \%

∴ Labelled price

=128 \%

500=₹ 640

Thus, either Statement II or Statements I and III together can be dispensed with.

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