Let CP of 1000 gm = Rs. 100 Considering statement I, Marked price of 1 kg packet of wheat = (100 + 50)% of 100 = Rs. 150 Selling price of 1 kg = (100 – 20)% of 150 = Rs. 120 ∴ from statement I it can be calculated that there is profit of 20% Considering statement II, But, 700 gm of wheat was given instead of 1000 gm from the given statement we cannot calculate the exact profit percent. Because: (i) it is not mentioned that faulty weight is used while ashwin was purchasing or selling. (ii) it is not clearly mention that the at what price does the ashwin selling the item, it can be at cost price or it may not be ∴ only statement is sufficient