Question:
Given below are two statements:
Statement I : In 2010-2020 company made maximum profit and minimum sale.
Statement II : In 1980-1990 company made 50% profit of its total sale.
In the light of the above statements, choose the most appropriate answer from the options given below
Given below are two statements:
Statement I : In 2010-2020 company made maximum profit and minimum sale.
Statement II : In 1980-1990 company made 50% profit of its total sale.
In the light of the above statements, choose the most appropriate answer from the options given below
Show Hint
Check both parts of Statement I separately, and compute profit as a percentage of sale for 1980-1990.
Updated On: Nov 12, 2026
- Both Statement I and Statement II are correct
- Both Statement I and Statement II are incorrect
- Statement I is correct but Statement II is incorrect
- Statement I is incorrect but Statement II is correct
Show Solution
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The Correct Option is D
Solution and Explanation
Statement I: in 2010-2020 the profit (about 1400) is the maximum, but its sale (1300) is not the minimum, because 2000-2010 has a lower sale (1000). So Statement I is incorrect.
Statement II: in 1980-1990 profit is about 800 and sale is about 1600, so profit = 800/1600 = 50% of sale. So Statement II is correct.
Statement I is incorrect and Statement II is correct.
Answer: (4) Statement I is incorrect but Statement II is correct
Statement II: in 1980-1990 profit is about 800 and sale is about 1600, so profit = 800/1600 = 50% of sale. So Statement II is correct.
Statement I is incorrect and Statement II is correct.
Answer: (4) Statement I is incorrect but Statement II is correct
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