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.