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CAT 2005 — DILR Question 25

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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: Honest Ltd. has the highest share in the UP market.

Statement 2: Aggressive Ltd. has the highest share in the Bihar market.

Answer & solution

Correct answer: At most one of the statements is true.

  • A

    Both statements could be true.

  • B

    At least one of the statements must be true.

  • At most one of the statements is true.

  • D

    None of the above

Solution

The two statements talk about two firms having the highest shares in the UP and Bihar Markets. Thus, both the statements refer to Firm B. From the explanation given in the first question, only one of the two statements can be true at a time.

Hence, option (c).

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CAT 2005 DILR Q25: What can be said regarding the following two statements? Statement 1: Honest Ltd. has the highest share in the — Solution | TheCATExam