Each of these items has a question followed by two statements. As the answer,
Mark (a), If the question can be answered with the help of statement I alone,
Mark (b), If the question can be answered with the help of statement II, alone,
Mark (c), If both, statement I and statement II are needed to answer the question, and
Mark (d), If the question cannot be answered even with the help of both the statements.
If the selling price were to be increased by 10%, the sales would reduce by 10%. In what ratio would profits change?
I. The cost price remains constant.
II. The cost price increased 10%.