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Balram, the local shoe shop owner, sells four types of footwear -Slippers (S), Canvas Shoes (C), Leather Shoes (L) and Joggers (J).The following information is known regarding the cost prices andselling prices of these four types of footwear:(i) L sells for Rs.500 less than J, which costs Rs.300 more than S,which, in turn, sells for Rs.200 more than L.(ii) L costs Rs.300 less than C, which sells for Rs.100 more than S,which, in turn, costs Rs.100 less than C.If it is known that Balram never sells any item at a loss, then whichof the following is true regarding the profit percentages earned byBalram on the items L, S, C and J represented by l, s, c and jrespectively?(1) l ≥ c ≥ s ≥ j(2) c ≥ s ≥ l ≥ j(3) l ≥ s ≥ c ≥ j(4) s ≥ l ≥ j ≥ c |
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