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Question

How much profit did the company earn in the year 2016?

Statement I : The company earned 45% more profit in the year 2017 than that in the year 2015.

Statement II : The Company earned a total profit of Rs. 25 crores in the year 2015 and 2016 taken together.

Statement III : In the year 2017, the company earned 75 percent profit of that in 2016.

A Any two of I, II and III are sufficient to answer the question Correct Answer Incorrect Answer
B Either I and II or II and III are sufficient to answer the question Correct Answer Incorrect Answer
C I and II or III are sufficient to answer the question Correct Answer Incorrect Answer
D All I, II and III are necessary to answer the question Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Taking all statements together, Let the profit earned by company in 2015 = Rs. x and in 2016 = Rs. y Profit earned in 2017 = 1.45 x, x + y = Rs. 25 crore...... (i) From statement III, 1.45x = y × 75/100 x = 3/4 × 1.45 y = 30/58 y ...........(ii) From equations (i) and (ii), we can get the required profit.

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