2.
By selling a product with 20% profit, how much profit was earned?
I.
The difference between cost and selling price is Rs. 40.
II.
The selling price is 120 percent of the cost price.
A. I alone sufficient while II alone not sufficient to answer
B. II alone sufficient while I alone not sufficient to answer
C. Either I or II alone sufficient to answer
D. Both I and II are not sufficient to answer
E. Both I and II are necessary to answer