C.P. of 20 articles is equal to S.P. of 16 articles. The profit or loss as percent is:

1. 25% profit

2. 25% loss

3. 20% profit

4. 20% loss

Some goods are sold at a discount of 20%. If the same goods are sold without discount, their price will change by :

1. 25% increase

2. 25% decrease

3. 20% increase

4. 20% decrease

If the rate of GST on an inter-state sale is 18%, the total amount for a service of ₹ 200 is

1. ₹ 36

2. ₹ 218

3. ₹ 236

4. None of these

Statement 1: In case of profit (i.e. if S.P. > C.P.), C.P. = S.P. x $\Big(\dfrac{100 \times \text{Profit}\%}{100}\Big)$.

Statement 2: In case of loss (i.e. if C.P. > S.P.), S.P. = $\Big(\dfrac{100 \times \text{C.P.}}{100 - \text{Loss}\%}\Big)$.

Which of the following options is correct?

1. Both the statements are true.

2. Both the statements are false.

3. Statement 1 is true, and statement 2 is false.

4. Statement 1 is false, and statement 2 is true.