Which of the following statement is NOT correct?
I. The profit of D, E and F is 30.63 percent of the cost price of G, H and I.
II. The ratio of total cost price to the total profit is 1 : 2.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Both I and II.
Total profit of D, E, and F = 200 + 150 + 300 = 650
Total cost price of G, H, and I = 500 + 300 + 800 = 1600
Percentage = (650/1600) × 100 = 40.625 %
Thus, Statement I is NOT correct.
Total cost price = 700 + 600 + 400 + 500 + 300 + 800 = 3300
Total profit = 200 + 150 + 300 + 400 + 250 + 350 = 1650
Ratio = 3300 : 1650 = 2 : 1
Thus, Statement II is NOT correct.