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Q(11 – 20) Each of the questions below consists of a question and three statements given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read all the three statements and give answer: –
There were two traders, Matthew and Perry. They bought some chairs and tables from Stephen. Even though Stephen was getting a profit of 200 Rs/ chair and 370 Rs/ table, he charged Matthew and Perry an extra 50Rs per piece as handling charges. For what price did Matthew and Perry sell the chair, if they earned a total profit of 23.76%?
I. Total amount spent on the chairs and tables were 1,59,000 and 3,21,500 Rs respectively.
II. There were equal number of chairs and tables and they sold only half of them.
III. The selling price of 5 tables and 2 chairs was 92,950.
  • a)
    All the three
  • b)
    I & II
  • c)
    I & III
  • d)
    II & III
  • e)
    None of the above
Correct answer is option 'E'. Can you explain this answer?
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Q(11 – 20) Each of the questions below consists of a question an...
None of the given information can be connected to the SP or CP of the chairs and tables.
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Q(11 – 20) Each of the questions below consists of a question an...
Analysis:

Statement I:
- Total amount spent on the chairs and tables were 1,59,000 and 3,21,500 Rs respectively.
- This statement gives the total amount spent on chairs and tables separately but does not provide information on the selling price or profit earned. Therefore, this statement alone is not sufficient to determine the selling price of chairs.

Statement II:
- There were equal numbers of chairs and tables, and they sold only half of them.
- This statement gives information on the quantity of chairs and tables sold but does not provide any details about the selling price or profit percentage. Hence, this statement alone is insufficient to calculate the selling price of chairs.

Statement III:
- The selling price of 5 tables and 2 chairs was 92,950.
- This statement provides the selling price of a specific number of tables and chairs but does not give a complete picture of the total number of chairs and tables sold or the profit percentage earned. Therefore, this statement alone is also not sufficient to determine the selling price of chairs.

Combining the Statements:
- By combining all three statements, we still do not have enough information to calculate the selling price of chairs.
- The total amount spent on chairs and tables, the quantity sold, and the selling price of a specific number of chairs and tables do not provide a clear picture of the overall profit percentage or the individual selling price of chairs.
Therefore, none of the statements individually or combined are sufficient to answer the question about the selling price of chairs. Additional information is needed to calculate the selling price of chairs accurately.
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Q(11 – 20) Each of the questions below consists of a question and three statements given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read all the three statements and give answer: –There were two traders, Matthew and Perry. They bought some chairs and tables from Stephen. Even though Stephen was getting a profit of 200 Rs/ chair and 370 Rs/ table, he charged Matthew and Perry an extra 50Rs per piece as handling charges. For what price did Matthew and Perry sell the chair, if they earned a total profit of 23.76%?I. Total amount spent on the chairs and tables were 1,59,000 and 3,21,500 Rs respectively.II. There were equal number of chairs and tables and they sold only half of them.III. The selling price of 5 tables and 2 chairs was 92,950.a)All the threeb)I & IIc)I & IIId)II & IIIe)None of the aboveCorrect answer is option 'E'. Can you explain this answer?
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Q(11 – 20) Each of the questions below consists of a question and three statements given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read all the three statements and give answer: –There were two traders, Matthew and Perry. They bought some chairs and tables from Stephen. Even though Stephen was getting a profit of 200 Rs/ chair and 370 Rs/ table, he charged Matthew and Perry an extra 50Rs per piece as handling charges. For what price did Matthew and Perry sell the chair, if they earned a total profit of 23.76%?I. Total amount spent on the chairs and tables were 1,59,000 and 3,21,500 Rs respectively.II. There were equal number of chairs and tables and they sold only half of them.III. The selling price of 5 tables and 2 chairs was 92,950.a)All the threeb)I & IIc)I & IIId)II & IIIe)None of the aboveCorrect answer is option 'E'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Q(11 – 20) Each of the questions below consists of a question and three statements given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read all the three statements and give answer: –There were two traders, Matthew and Perry. They bought some chairs and tables from Stephen. Even though Stephen was getting a profit of 200 Rs/ chair and 370 Rs/ table, he charged Matthew and Perry an extra 50Rs per piece as handling charges. For what price did Matthew and Perry sell the chair, if they earned a total profit of 23.76%?I. Total amount spent on the chairs and tables were 1,59,000 and 3,21,500 Rs respectively.II. There were equal number of chairs and tables and they sold only half of them.III. The selling price of 5 tables and 2 chairs was 92,950.a)All the threeb)I & IIc)I & IIId)II & IIIe)None of the aboveCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q(11 – 20) Each of the questions below consists of a question and three statements given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read all the three statements and give answer: –There were two traders, Matthew and Perry. They bought some chairs and tables from Stephen. Even though Stephen was getting a profit of 200 Rs/ chair and 370 Rs/ table, he charged Matthew and Perry an extra 50Rs per piece as handling charges. For what price did Matthew and Perry sell the chair, if they earned a total profit of 23.76%?I. Total amount spent on the chairs and tables were 1,59,000 and 3,21,500 Rs respectively.II. There were equal number of chairs and tables and they sold only half of them.III. The selling price of 5 tables and 2 chairs was 92,950.a)All the threeb)I & IIc)I & IIId)II & IIIe)None of the aboveCorrect answer is option 'E'. Can you explain this answer?.
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