Multiple choice

The questions given below contain three statements giving certain data. You have to decide whether the data given in the statements are sufficient for answering the question? The company earned how much profit in the years 2002? (A) In 2001 the company earned 40% more profit which earned in the year 2003. (B) The company earned the profit of 20 crores together in the year 2001 and 2002. (C) The company earned in 2003, 80% profit which was earned in the year 2002.

  1. Any two

  2. Either A and B or B and C are sufficient.

  3. A and B or C are sufficient

  4. A,B and C all the three are necessary to answer

  5. A,B and C together are not sufficient to answer
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

We need profit in 2002. Let profit in 2002 = P. From (C): Profit in 2003 = 0.8P. From (A): Profit in 2001 = 1.4 × (0.8P) = 1.12P. From (B): Profit in 2001 + Profit in 2002 = 20 crores, so 1.12P + P = 20. Therefore 2.12P = 20, giving P = 20/2.12 crores. All three statements are necessary - (B) gives total, (A) and (C) relate 2001 and 2003 to 2002.

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