New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Each of the questions below consists of a question and three statements numbered I, II and III given below it. You have to decide whether the data provided in all the three statements are sufficient to answer the question. Read all the statements and give answer –

    What was the price of House P last year?

    Statement I:  The ratio of the price of two houses P to Q was 3:4 last year. Statement II:  This year, the price of houses P has increased by 20% and that of house Q by Rs 20,000. Statement III:  This year the ratio of the price of house P to house Q is 4:5.
    A Only II and III Correct Answer Incorrect Answer
    B Only I and II Correct Answer Incorrect Answer
    C Only I and III Correct Answer Incorrect Answer
    D Only III Correct Answer Incorrect Answer
    E All I, II and III Correct Answer Incorrect Answer

    Solution

    From I, II and III, Let the price of two houses A and B be 4x and 5x respectively. (3x × 120/100)/(4x + 20,000) = 4/5 18x = 16 x + 80,000 18 x - 16 x = 80,000 2 x = 80,000 x = 40,000 Last year the price of house P was 40,000 × 3 = Rs 1,20,000 Hence all the statements together are required to answer the question.

    Practice Next