Question

    In the following question below are given some

    statements followed by some conclusions based on those statements. Taking the given statements to be true even if they seem to be at variance from commonly known facts. Read all the conclusions and then decide which of the given conclusion logically follows the given statements. Statements: Only a few Percent are Profit No Profit is Loss All Average are Profit Conclusions: I. No Average is Percent II. All Loss being Average is a possibility III. Some Percent is not Loss
    A Only conclusion II follows Correct Answer Incorrect Answer
    B Only conclusions I and II follow Correct Answer Incorrect Answer
    C None of the above conclusions follows Correct Answer Incorrect Answer
    D Only conclusion III follows Correct Answer Incorrect Answer
    E Only conclusions II and III follow Correct Answer Incorrect Answer

    Solution

    Only a few Percent are Profit (I) + Some Profit are Average (I) → No conclusion. Hence conclusion I does not follow. All Average are Profit (A) + No Profit is Loss (E) → No Average is Loss (E) → Probable conclusion → No conclusion. Hence conclusion II does not follow. Only a few Percent are Profit (I) + No Profit is Loss (E) → Some Percent is not Loss (O). Hence conclusion III follows.

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