The table given below shows the cost price and value of profit of 6 articles.
| Articles | Cost price | Profit |
| D | 700 | 200 |
| E | 600 | 150 |
| F | 400 | 300 |
| G | 500 | 400 |
| H | 300 | 250 |
| I | 800 | 350 |
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 profits is 1 : 2.
Answer & explanation
Correct answer: option 1
I. The profit of D, E and F is 30.63 percent of the cost price of G, H and I.
profit of D, E and F = 200 + 150 + 300 = 650
cost price of G, H and I = 500 + 300 + 800 = 1600
Profit percentage = \(\frac{650}{1600}\) × 100 = 40.625%
Statement I is not correct .
II. The ratio of total cost price to the total profits is 1 : 2.
Total cost price = 700 + 600 + 400 + 500 + 300 + 800 = 3300
Total profit = 200 + 150 + 300 + 400 + 250 + 350 = 1650
Required ratio , 3300 : 1650 = 2 : 1
Statement II is not correct
Ans :- Both I and II