Mathematics · Profit and Loss
Given below are two statements: Statement (I): A man sells his goods at 10% profit. If he sells his goods at 15% profit, he gets Rs. 160 more. The cost price of his goods is Rs. 4,200. Statement (II): A man spends 80% of his earnings. His earnings increased by 25% and his expenses increased by 20%. The man's savings thus increased by 45%. In the light of the above statements, choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement (I) is false but Statement (II) is true
- 2Statement (I) is true but Statement (II) is false
- 3Both Statement (I) and Statement (II) are false
- 4Both Statement (I) and Statement (II) are true
Correct answer
Option 4
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