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01 Jul 2024, 01:30
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B
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Difficulty:
35%
(medium)
Question Stats:
68% (01:19) correct
32%
(01:38)
wrong
based on 111
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The profit of a seller decreases, though not proportionally, if the number of units sold increases. Was his profit less than $3 million on a sale of 15,000 units.
(1) The profit was less than $2 million on a sale of 25,000 units.
(2) The profit was less than $3 million on a sale of 10,000 units.
(1) The profit was less than $2 million on a sale of 25,000 units.
(2) The profit was less than $3 million on a sale of 10,000 units.
01 Jul 2024, 03:52
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Profit decrease is not proportional to units sold increase
Statement 1: The profit was less than $2 million on a sale of 25,000 units. Not Sufficient
Statement 2: The profit was less than $3 million on a sale of 10,000 units.
Profit for 10,000 units is < $3mn. Since increase in units sold could only lead to decrease in profits, it will surely be less than $3mn. Sufficient
Hence, Option B. Statement 2 alone sufficient
Statement 1: The profit was less than $2 million on a sale of 25,000 units. Not Sufficient
Statement 2: The profit was less than $3 million on a sale of 10,000 units.
Profit for 10,000 units is < $3mn. Since increase in units sold could only lead to decrease in profits, it will surely be less than $3mn. Sufficient
Hence, Option B. Statement 2 alone sufficient
01 Jul 2024, 13:03
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Answer B: Please refer the below image for explanation
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