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CAT 2005 — DILR Question 24

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Passage / Data

Answer the following question based on the information given below.

The table below presents the revenue (in million rupees) of four firms in three states. These firms, Honest Ltd., Aggressive Ltd., Truthful Ltd. and Profitable Ltd. are disguised in the table as A, B, C and D, in no particular order.

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Further, it is known that:

  • In the state of MP, Truthful Ltd. has the highest market share.
  • Aggressive Ltd.’s aggregate revenue differs from Honest Ltd.’s by Rs. 5 million. 

What can be said regarding the following two statements?

Statement 1: Aggressive Ltd.’s lowest revenues are from MP.

Statement 2: Honest Ltd.’s lowest revenues are from Bihar.

Answer & solution

Correct answer: If Statement 1 is true then Statement 2 is necessarily true.

  • A

    If Statement 2 is true then Statement 1 is necessarily false.

  • B

    If Statement 1 is false then Statement 2 is necessarily true.

  • If Statement 1 is true then Statement 2 is necessarily true.

  • D

    None of the above.

Solution

If statement 1 is true, then Firm B is Aggressive Ltd. This implies that Firm C is Honest Ltd.

Firm C’s lowest revenues are from Bihar. Thus, statement 2 is necessarily true.

Hence, option (c).

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CAT 2005 DILR Q24: What can be said regarding the following two statements? Statement 1: Aggressive Ltd.’s lowest revenues — Solution | TheCATExam