Hi,
Unfortunately, I believe that most/all answers mentioned are wrong except for the fact that
chetan2u has stated, which is true. If the speed of Y increases, and the speed of X remains the same, the total time taken for X and Y to meet will reduce. Why is this so? The answer is simple: consider 'd' to be the distance between M and N. When X and Y meet at P, they together cover a distance d. Now, at original speeds of x and y, total time taken to cover d is d/(x+y), where x and y is the combined rate of X and Y. If Y's speed increases by 20% and X's speed remains the same, then total time to cover d will be d/(x + 1.2y) which is less than d/(x+y). Therefore Statement II is insufficient, because all we have from St. II is that .2y*z = 10, where z is a time less than the some time t taken by Y, at its original speed, to cover distance until.
St I + St II:
We realise that X and Y travel for the same time until reaching point P. We'll call this time t. Let the total distance between M and N be represented by d.
Now, from St I, 30t + 20t = d - - > (1)
from St II, 30z + 24z = d -- >(2) (z is a time less than t, as per the explanation above)
we also know that 24z - 20t = 10 -->(3).
3 variables, 3 equations - solvable. Hence the answer is (C).
Bunuel chetan2uGMATinsight - I believe your calculations are incorrect.
Thank you