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Instructions

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.

Question 54

What can be said regarding the following two statements?

Statement 1: Aggressive Ltd.’s lowest revenues are from MP.

Statement 2: Honest Ltd.’s lowest revenues are from Bihar.

Solution

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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 statement 1 is true then , Firm B is aggressive ltd. and Firm C is Honest Ltd. And also statement 2 is fulfilled.

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