Question: 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%.
|The question can be answered with the help of statement I alone,|
|question can be answered with the help of statement II, alone,|
|Both, statement I and statement II are needed to answer the question, and|
|The question cannot be answered even with the help of both the statements.|
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