International Maths Olympiad Forum By SOF Olympiad Trainer - Page 10

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Subject :IMO    Class : Class 8

Read the given statements carefully and select the correct option.
Statement-I : The profit earned by selling an article for ₹ 900 is double the loss incurred when the same article is sold for ₹ 450. Then the article should be sold at ₹ 750 to make 25% profit.
Statement-II : A sum of money is lent out at compound interest compounded annually at the rate of 20% per annum for 2 years. It would give ₹ 2410 more, if the interest is compounded half yearly. Then the principal sum is ₹ 120000.

ABoth Statement-I and Statement-II are true.
BStatement-I is true but Statement-II is false.
CStatement-I is false but Statement-II is true.
DBoth Statement-I and Statement-II are false.


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