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Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.

Assumptions :
I. The rate will remain more or less same after the increase.
II. The expenditure will more or less remain the same in near future.
III. The rival companies will also increase the price of the similar product.

Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.

Assumptions :
I. The rate will remain more or less same after the increase.
II. The expenditure will more or less remain the same in near future.
III. The rival companies will also increase the price of the similar product. Correct Answer None of these

Clearly, the company intends to reduce the gap between income and expenditure by increasing the price of its product i.e. by keeping the expenditure unaltered and increasing the income only. So, II is implicit while I is not. However, the rival companies may or may not follow the same pursuit. So, III is not implicit.

Related Questions

The line chart given below shows the percentage of net profit of company P and company Q from 2014 to 2018. Net Profit % = \(\frac{({Income}-{Expenditure})}{Expenditure}\times 100\) Which of the following statement(s) is/are correct? I. If the income of company P in the year 2016 was Rs. 7250, then expenditure of the company in that year was Rs.45500. II. If in 2016 the ratio of expenditure of company P to the expenditure of company Q is 4 ∶ 5, then the ratio of income of company P to the income of company Q is 16 ∶ 15.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : The school authorities have decided to increase the number of students in each classroom to seventy from the next academic session to bridge the gap between the income and the expenditure to a large extent.

Assumptions :
I. The income generated by way of fees of the additional students will be sufficient enough to bridge the gap.
II. The school will get all the additional students in each class from the next academic session.
Study the given table and answer the question that follows. The table shows the income and expenditure of companies A and B from 2015 to 2019 (in ₹ crore). Year Company A Company B   Income Expenditure Income Expenditure 2015 110 90 160 120 2016 150 125 180 125 2017 200 140 225 140 2018 240 175 320 275 2019 300 220 360 300   The difference (in ₹ crore) between the total income of company B in 2015 and 2017 and the total expenditure of company A in 2016 and 2018 is x. The value of x lies between:
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : The company has decided to increase the price of all its products to tackle the precarious financial position.

Assumptions :
I. The company may be able to wipe out the entire losses incurred earlier by this decision.
II. The buyers may continue to buy its products even after the increase.
III. The company has adequate resources to continue production for few more months.
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : The X passenger car manufacturing company announced a sharp reduction in the prices of its luxury cars.

Assumptions :
I. There may be an increase in the sale of luxury cars of Company X.
II. The other such car manufacturers may also reduce their prices.
III. The competitor companies may not reduce their prices.
In the question below, a statement is given followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company. The settlement with the Securities and Exchange Commission allows Musk to remain CEO of the electric car company but requires him to relinquish his role as chairman for at least three years.  Courses of action: I. Tesla must hire an independent chairman to oversee the company, something that should please a number of shareholders who have criticised Tesla's board for being too beholden to Musk.  II. The deal could remove one cloud that hangs over Tesla. Investors fretted about the company's ability to cope without Musk, a charismatic entrepreneur whose penchant for coming up with revolutionary ideas has drawn comparisons to one of Silicon Valley's most revered visionaries, Apple co-founder Steve Jobs.  III. Besides paying a fine and stripping Musk of his chairman's title, Tesla also must appoint two more directors who have no ties to the company or its management. Musk will be allowed to remain on the board.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statements : The Government run company had asked its employees to declare their income and assets but it has been strongly resisted by employees union and no employee is going to declare his income.

Conclusions :
I. The employees of this company do not seem to have any additional undisclosed income besides their salary.
II. The employees union wants all senior officers to declare their income first.
In the question given below, a statement is given, followed by two conclusions I and II. You have to consider the statement to be true even if it seems to be at variance from commonly known facts. You have to decide which of the given conclusion, if any follows from the given statement. Statement: The company X has decided to increase the price of its cars by 10%. Conclusions: I. Other companies will change the price of their cars. II. Other companies will not change the price of their cars.
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : "We have the distinction of being the only company in India as well as the second in the world to have won an ISO 9002 certification in our line of business." - Statement of Company X's Chairman.

Assumptions :
I. There were not many companies in the line of business of Company X.
II. Getting ISO 9002 in the line of business of Company X is not easy.
III. The Company X desires to expand its business.
Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A. At what price the two stores bought the product from the company?