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Statement I: Profit from Property X = $350,000 - $250,000 = $100,000. Profit from Property Y = $450,000 - $300,000 = $150,000. Profit from Property Z = $280,000 - $200,000 = $80,000. Total profit = $100,000 + $150,000 + $80,000 = $330,000. Sufficient. Statement II: This affects the profit calculations but does not provide enough data without knowing the selling prices to apply the costs accurately. Not sufficient. Statement III: This gives the total investment and selling prices but does not detail individual profits or costs, making it insufficient on its own. Not sufficient. The answer is A.
Given below are two statement, one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: In a Global Positioning System (...
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