What is the profit earned on selling each phone, if each pho

M: +1.00/-0.00

A question is given followed by the information in three statements. You have to decide the information in which of the statements is necessary and sufficient to answer the question and mark answer accordingly.

What is the profit earned on selling each phone, if each phone is sold at Rs.30000?
I. The selling price of 5 phones is equal to cost price of 7 phones.
II. 45% profit is earned by selling the phones.

[IBPS PO PRELIMS 14 OCT 2018 G]

A I alone

B II alone

C Either I alone or II alone

D Both I and II

E Both I and II are not sufficient