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Thread: Profit and loss

  1. #1
    Eager!
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    Good post? Yes | No

    Profit and loss

    Sponsored Ad:
    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.
    OA B

  2. #2
    An Urch Guru Pundit Swami Sage hjafferi's Avatar
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    IMO D.

    A = 21
    B = 15
    AuB = ???

    Businesses did not report a net profit = 30 - AuB

    Statement I : AuB = A + B - AnB
    AnB = 12 so we can calculate AuB (which is 24) so it is sufficient

    Statment II : AuB = 24 therefore we can calculate the no of businesses which did not report a net profit

    P.S : Plz donot post answers.

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