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01 Aug 2020, 06:38
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Hi Experts,
Please help me on the below doubt.
According to me, if we go through option C then it means all other categories profit apart from SUV and minivans will come between SUV and minivans.
To further explain, Last year profit should be like below if we go through option C:
SUV
....
....
....
then at last minivans.
So it means compact cars will also come in mid of SUV and minivans hence how it can come at the top of this year also minivans has least profit last year than how it can come at 3rd position.
Please help me on the below doubt.
According to me, if we go through option C then it means all other categories profit apart from SUV and minivans will come between SUV and minivans.
To further explain, Last year profit should be like below if we go through option C:
SUV
....
....
....
then at last minivans.
So it means compact cars will also come in mid of SUV and minivans hence how it can come at the top of this year also minivans has least profit last year than how it can come at 3rd position.
13 Aug 2020, 01:42
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a123bansal
Hi
I believe there is some misunderstanding in your explanation. The stimulus states:
i) Tecumseh sets prices so that the profit per vehicle is, on average, about the same.
ii) best indicator for sales in each category are the sales last year
iii) the three most profitable categories of vehicles in the coming year will be compact cars, minivans, and SUVs respectively
Since the profit per vehicle is the same, the order of profitability will also be the order of number of vehicles sold in that category. Therefore, we can understand that compact cars, minivans and SUVs will be the top 3 models sold by Tecumseh, in that order (since the stimulus states "respectively"). Compact cars will not come between SUV and minivans, but compact cars will be the largest selling model, followed by minivans and SUVs in that order.
Clearly the assumption is that no other category will intrude in this order, which is what is stated in option (C).
Hope this helps.
01 Dec 2024, 03:16
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In the heat of the moment while solving questions, it is possible for a student to say there's something wrong with the question, but one should take a deep breath and calm themselves down and reason, before making an opinion publicly. As mentioned by Mike, this applies to life as well. I do understand how frustrating it can be to get these questions right, but keep faith in your abilities without losing faith in others.
