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Question

In each of the following questions, a question and three statements I, II and III are given. You have to decide whether the date given in the statements are sufficient to answer the question or not.

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

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

II) The company earned a total profit of Rs. 25 crores in the year 2015 and 2016 taken together.

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 Correct Answer Incorrect Answer
B Either I and II or II and III are sufficient Correct Answer Incorrect Answer
C I and II or III are sufficient 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 = 1.45x ,x+y = Rs. 25 crore ...... (i) From statement III, 1.45x = y x 75/100 y = 3/4 x 1/1.45y = 30/58y ......(ii) From equations (i) and (ii), we can get the required profit.

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