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Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?
(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.
(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.
(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.
(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.
- a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;
- b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;
- c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;
- d)EACH statement ALONE is sufficient to answer the question asked;
- e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Last year in a group of 30 businesses, 21 reported a net profit and 15...
We are told about 30 businesses of which 21 reported a net profit and 15 had investments in foreign markets.Refer the venn diagram below:
As the total number of businesses is 30 we can write a + b + c + d = 30
Also, 21 firms reported a net profit, that would give us a + b =21. Also, it would give us c + d = 9
Similarly, 15 firms had investments in foreign markets, that would give us b + c = 15. Also it would give us a + d = 15.
We need to find the number of businesses that did not report a net profit nor invest in foreign market i.e. d. Let's see if the statements provide us the information to find a definite value of d
Also, 21 firms reported a net profit, that would give us a + b =21. Also, it would give us c + d = 9
Similarly, 15 firms had investments in foreign markets, that would give us b + c = 15. Also it would give us a + d = 15.
We need to find the number of businesses that did not report a net profit nor invest in foreign market i.e. d. Let's see if the statements provide us the information to find a definite value of d
Statement-I
St-I tells us that 12 businesses reported net profit and had investments in foreign markets i.e. b = 12. This would give us the value of a = 9.
We know that a + d = 15 i.e. d = 6.
Hence st-I is sufficient to answer the question.
St-I tells us that 12 businesses reported net profit and had investments in foreign markets i.e. b = 12. This would give us the value of a = 9.
We know that a + d = 15 i.e. d = 6.
Hence st-I is sufficient to answer the question.
Statement-II
St-II tells us that 24 businesses reported a net profit or invested in foreign markets or both i.e. a + b + c = 24
St-II tells us that 24 businesses reported a net profit or invested in foreign markets or both i.e. a + b + c = 24
Since a + b + c + d = 30 we can find the value of d = 6
Hence st-II is sufficient to answer the question.
Answer is option D
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Last year in a group of 30 businesses, 21 reported a net profit and 15...
We are told about 30 businesses of which 21 reported a net profit and 15 had investments in foreign markets.Refer the venn diagram below:
As the total number of businesses is 30 we can write a + b + c + d = 30
Also, 21 firms reported a net profit, that would give us a + b =21. Also, it would give us c + d = 9
Similarly, 15 firms had investments in foreign markets, that would give us b + c = 15. Also it would give us a + d = 15.
We need to find the number of businesses that did not report a net profit nor invest in foreign market i.e. d. Let's see if the statements provide us the information to find a definite value of d
Also, 21 firms reported a net profit, that would give us a + b =21. Also, it would give us c + d = 9
Similarly, 15 firms had investments in foreign markets, that would give us b + c = 15. Also it would give us a + d = 15.
We need to find the number of businesses that did not report a net profit nor invest in foreign market i.e. d. Let's see if the statements provide us the information to find a definite value of d
Statement-I
St-I tells us that 12 businesses reported net profit and had investments in foreign markets i.e. b = 12. This would give us the value of a = 9.
We know that a + d = 15 i.e. d = 6.
Hence st-I is sufficient to answer the question.
St-I tells us that 12 businesses reported net profit and had investments in foreign markets i.e. b = 12. This would give us the value of a = 9.
We know that a + d = 15 i.e. d = 6.
Hence st-I is sufficient to answer the question.
Statement-II
St-II tells us that 24 businesses reported a net profit or invested in foreign markets or both i.e. a + b + c = 24
St-II tells us that 24 businesses reported a net profit or invested in foreign markets or both i.e. a + b + c = 24
Since a + b + c + d = 30 we can find the value of d = 6
Hence st-II is sufficient to answer the question.
Answer is option D
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Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer?
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Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer?.
Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT.
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Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Last year in a group of 30 businesses, 21 reported a net profit and 15 had investments in foreign markets. How many of the businesses did not report a net profit nor invest in foreign markets last year?(1) Last year 12 of the 30 businesses reported a net profit and had investments in foreign markets.(2) Last year 24 of the 30 businesses reported a net profit or invested in foreign markets, or both.a)Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient to answer the question asked;b)Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient to answer the question asked;c)BOTH statements (1) and (2) TOGETHER are sufficient to answer the question asked,but NEITHER statement ALONE is sufficient;d)EACH statement ALONE is sufficient to answer the question asked;e)Statements (1) and (2) TOGETHER are NOT sufficient to answer the question asked, and additional data are needed.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice GMAT tests.
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