At my first attempt I got it wrong as I thought they were asking the value of Chipwiches at 9:00 AM instead of 5:00 PM, but here is the explanation from my second attempt. HTH
Let chipwiches as C and mud pies as M
No of Chipwiches sold during the day = Z
As per question
At 9:00 AM --> C= 2M
At 5:00 PM --> 2( C - Z) = M
Substituting C with 2M
We get M = 2 * (Z/3) or Z = 3 *(M/2)
I. The number of chipwiches sold must be a multiple of 3 --- Z is the number of Chipwiches sold which as calculated above is a multiple of 3.
II. The number of mud pies must be even -- No of Mud pies is M as calculated above and is a multiple of 2 so it will be even. (Since Z will be an integer)
III. The number of chipwiches the cart has at 5:00 PM must be even -- No of Chipwiches at 5:00 PM
= C - Z
= 2M - 3* (M/2)
= M/2 (We don't know the value of M so we can't tell if M/2 will be even or odd)
So only 1 and 2 are correct, so option C.