The question given below is followed by two statements numbered I and II. Determine if the statements are, individually or together, sufficient to answer the question.Question: What is the Cost Price of flour?Statements:I. Kevin mixes flour and sugar in the ratio 3:5 to make pretzels. He sells pretzels at $10 per kg.II. The ratio of price of sugar and flour is 9:4 (per kg) and he earns 66(⅔) % profit. Question 19Answera.Statements I and II together are not sufficient to answer the question asked and additional data to the problem is needed b.Each statement alone is sufficient to answer the question c.Only one of the statements, alone, is sufficient to answer the question but other statement is not d.Both statements I and II together are sufficient to answer the question asked but neither statement alone is sufficient
Question
The question given below is followed by two statements numbered I and II. Determine if the statements are, individually or together, sufficient to answer the question.Question: What is the Cost Price of flour?Statements:I. Kevin mixes flour and sugar in the ratio 3:5 to make pretzels. He sells pretzels at $10 per kg.II. The ratio of price of sugar and flour is 9:4 (per kg) and he earns 66(⅔) % profit. Question 19Answera.Statements I and II together are not sufficient to answer the question asked and additional data to the problem is needed b.Each statement alone is sufficient to answer the question c.Only one of the statements, alone, is sufficient to answer the question but other statement is not d.Both statements I and II together are sufficient to answer the question asked but neither statement alone is sufficient
Solution
The answer is d. Both statements I and II together are sufficient to answer the question asked but neither statement alone is sufficient.
Here's why:
Statement I tells us the ratio of flour to sugar Kevin uses to make pretzels, but it doesn't tell us anything about the cost of the flour.
Statement II tells us the ratio of the cost of sugar to flour and the profit Kevin makes, but it doesn't tell us the selling price of the pretzels.
However, when we combine both statements, we can find out the cost price of the flour. Here's how:
From Statement I, we know that Kevin sells pretzels at $10 per kg. This price includes the cost of both flour and sugar and his profit.
From Statement II, we know that Kevin earns a profit of 66(⅔) %, which means the cost of the flour and sugar together is 100 - 66(⅔
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