The table below presents the revenue (in million rupees) of four firms in three states. These firms, Honest Ltd., Aggressive Ltd., Truthful Ltd. and Profitable Ltd. are disguised in the table as A,B,C and D, in no particular order.
Further, it is known that:
In the state of MP, Truthful Ltd. has the highest market share.
Aggressive Ltd.’s aggregate revenue differs from Honest Ltd.’s by Rs. 5 million.
What can be said regarding the following two statements?
Statement 1: Profitable Ltd. has the lowest share in MP market.
Statement 2: Honest Ltd.’s total revenue is more than Profitable Ltd.
We have ,
There is a difference of 5 million between Firm A and Firm D and also between Firm C and Firm B .
Now if Profitable Ltd. has the lowest share in MP market then Firm B is profitable ltd. Honest ltd. would be any firm out of A and D. So now if statement 1 is true then statement 2 is false as honest will have more revenue than profitable. hence option c.
Create a FREE account and get:
- All Quant CAT complete Formulas and shortcuts PDF
- 35+ CAT previous papers with video solutions PDF
- 5000+ Topic-wise Previous year CAT Solved Questions for Free
