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15 Feb 2026, 20:00
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
71% (01:19) correct
29%
(01:07)
wrong
based on 76
sessions
History
Date
Time
Result
Not Attempted Yet
How much revenue did Ziphola lose to tax evasion last year, to the nearest $100 million?
(1) Last year, evasion of wealth tax and excise duty accounted for 25 percent of the total revenue lost to Ziphola due to tax evasion.
(2) Last year, tax evasion from avenues other than wealth tax and excise duty accounted for a revenue loss of $25.84 billion to Ziphola.
(1) Last year, evasion of wealth tax and excise duty accounted for 25 percent of the total revenue lost to Ziphola due to tax evasion.
(2) Last year, tax evasion from avenues other than wealth tax and excise duty accounted for a revenue loss of $25.84 billion to Ziphola.
16 Feb 2026, 02:24
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ExpertsGlobal5
We need to find how much revenue Ziphola lose to tax evasion last year to the nearest $100 million.
Statement 1:
Last year, evasion of wealth tax and excise duty accounted for 25 percent of the total revenue lost to Ziphola due to tax evasion.
Evasion of wealth tax and excise duty = 25%*(Total revenue lost in tax evasion)
We don’t know the rest of the contributions and the amount of either the 25% of 75%.
Hence, Insufficient
Statement 2:
Last year, tax evasion from avenues other than wealth tax and excise duty accounted for a revenue loss of $25.84 billion to Ziphola.
Other than Wealth tax and excise duty = $25.84 Billion.
Rest of the categories of tax evasion is unknown. Or their % contribution to the total evasion is also unknown.
Hence, Insufficient
Combining both we have ,
Other than Wealth tax and excise duty = $25.84 Billion = 75% of Total tax evasion.
Thus, Tax evasion = (4/3)*$25.84 Billion.
Hence, Sufficient
Option C
22 Feb 2026, 02:00
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ExpertsGlobal5
Explanation:
Let the total revenue lost to tax evasion be R.
We need to find whether the value of R can be determined.
Statement (1)
Revenue lost due to evasion of wealth tax and excise duty = 0.25R
Since no information is provided regarding the value of revenue lost due to evasion of wealth tax and excise duty, it is NOT possible to determine the exact value of R. Hence, Statement (1) is insufficient.
Statement (2)
Revenue lost from avenues other than evasion of wealth tax and excise duty = $25.84 billion
Since no information is provided regarding the relation between R and the revenue lost from avenues other than evasion of wealth tax and excise duty, it is NOT possible to determine the exact value of R. Hence, Statement (2) is insufficient.
As Statement (1) alone as well as Statement (2) alone is insufficient to answer the question, we need to now combine the two statements.
Statement (1) and Statement (2) combined
Since the revenue lost due to evasion of wealth tax and excise duty = 0.25R, it follows that the revenue lost from avenues other than evasion of wealth tax and excise duty = 0.75R.
Combining this information with Statement (2), we get: 0.75R = $25.84 billion
It is possible to determine the exact value of R. Hence, Statement (1) and Statement (2) combined are sufficient.
C is the correct answer choice.
