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CMAT Exam 2023 Shift 1 Solved Paper

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Question : 11

Total: 100

Given below are two statements:
Statement I : The difference between the cost price and sale price of an article is ₹ 240 . If the profit is 20%, then the selling price is ₹ 1440 .
Statement II: If the cost price of 10 DVDs is equal to the selling price of 7 DVDs, then the gain percent is 42‌

In the light of the above statements, choose the most appropriate answer from the options given below:

Both Statement I and Statement II are correct
Both Statement I and Statement II are incorrect
Statement I is correct but Statement II is incorrect
Statement I is incorrect but Statement II is correct

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