Choose the correct statements: Choose the correct answer from the options given below:

1.If a shopkeeper incurs a loss of 20% by selling an item for ₹560, the cost price of the item is ₹750.

2.10% of 20% of 25% of 200 is equal to 1 (one).

3.If 25% of x = 30% of y, then the value of x for y = 5000 is 6000.

4.If a person gains 6.25% by selling an item for ₹29.75, the cost price of the item is ₹26.

A1 & 4 only

B1 & 3 only

C2 & 3 only ✓ Correct

D2, 3 & 4 only

Correct answer: (C) 2 & 3 only

Explanation

Statements 2 and 3 are correct.

Statement 2 : 10% of 20% of 25% of 200 = 0.1 x 0.2 x 0.25 x 200 = 1, true.

Statement 3 : 0.25x = 0.30y gives x = 1.2y, so y = 5000 gives x = 6000, true.

Statement 1 fails : loss 20% on Rs. 560 gives CP = 560/0.8 = 700, not 750.

Statement 4 fails : gain 6.25% on Rs. 29.75 gives CP = 29.75/1.0625 = 28, not 26.

Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.