Concept:This is a data sufficiency question where we check whether each statement alone is enough to find the profit on item B.Explanation:From the question, SPA​=Rs. 1840.Discount on A =1840−840=Rs. 1000.So, MPA​=SPA​+Discount=1840+1000=Rs.2840.Given MPA​:MPB​=3:1, so MPB​=2840÷3≈Rs. 946.67.Also, CPA​:CPB​=4:5.From Statement I:CPA​=Rs. 700.Using the ratio, CPB​=(5/4)×700=Rs. 875.Profit on B =20% of 20% of Rs.875=0.20×875=Rs.175.So, Statement I alone is sufficient.From Statement II:Given SPA​−ProfitB​=Rs. 665.So, 1840−ProfitB​=665.Hence, ProfitB​=1840−665=₹1175.So, Statement II alone is sufficient.
Answer:Either Statement I or Statement II alone is sufficient to determine the profit on item B.Correct option: C. Either Statement I or Statement II is sufficient.