Question
Logical Reasoning Question on Critical Reasoning
What is the cost price of the watch?
Statements:
I. The watch is sold at a discount of 20% of the marked price.
II. The shopkeeper made a profit of 60% of the cost price.
A
Statement I alone is sufficient
B
Statement II alone is sufficient
C
Both statements I and II together are sufficient
D
Neither statement I nor statement II is sufficient
Answer
Statement I alone is sufficient
Explanation
Solution
The correct answer is (A): Statement I alone is sufficient