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      Question

      In the questions given below, there are three

      statements followed by three conclusions I, II and III. You have to take the three 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 conclusions logically follows from the three statements disregarding commonly known facts. Statements: Only a few Rate is Price Some Price is Cost All Cost is Expense Conclusion: I. Some Rate is not Expense II. All Cost can never be Price III. Some Price is Expense
      A Only conclusions I and III follow Correct Answer Incorrect Answer
      B Only conclusion III follows Correct Answer Incorrect Answer
      C Only conclusions II and III follow Correct Answer Incorrect Answer
      D Only conclusions I and II follow Correct Answer Incorrect Answer
      E Only conclusion II follows Correct Answer Incorrect Answer

      Solution

      Only a few Rate is Price (I) + Some Price is Cost (I) → No conclusion. Hence conclusion I does not follow. Some Price is Cost (I) → conversion → Some Cost is Price (I). Hence conclusion II does not follow. Some Price is Cost (I) + All Cost is Expense (A) → Some Price is Expense (I). Hence conclusion III follows.

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