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Standard XI

Business Studies

Challenges of Small Business

The table bel...

Question

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.

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: Profitable Ltd. has the lowest share in MP market.
Statement 2: Honest Ltd.' s total revenue is more than Profitable Ltd.

If Statement 1 is true then Statement 2 is necessarily true.

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If Statement 1 is true then Statement 2 is necessarily false.

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Both Statement 1 and Statement 2 are true.

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Neither Statement 1 nor Statement 2 is true.

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Solution

The correct option is B If Statement 1 is true then Statement 2 is necessarily false.
Option (b) is the correct answer. Check the video for the approach.

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Similar questions

Q. 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.

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: Aggressive Ltd.' lowest revenues are from MP.
Statement 2: Honest Ltd.' lowest revenues are from Bihar.

Following is the statement of Profit and Loss of Sun India Ltd. for the year ended 31st March, 2015 :

$\begin{matrix} Note & 31 - 03 - 2015 & 31 - 03 - 2014 Particulars & No & (Rs.) & (Rs.) Revenue from Operations & 25, 00, 000 & 20, 00, 000 Other Incomes & 1, 00, 000 & 5, 00, 000 Employee benefit expenses : & 60 % of Total Revenue & 50 % of Total Revenue Other Expenses & 10 % of Employee & 20 % of Employee benefits expenses & benefits expenses Tax Rate & 50 % & 40 % \end{matrix}$

You are required to prepare a Comparative Statement of Profit and Loss of Sun India Ltd. from the given statement of Profit and Loss.

Q. General reserves of S. Ltd. is

R s . 70, 000

. Profit Loss a/c of S Ltd. o

31 - 3 - 96

R s . 55, 000

, Revenue Profit is

R s . 30, 000

. Calculate capital Profit.

Q. The Revenue Profits of a Subsidiary company S Ltd. is

R s .1, 20, 000

. Ratio between holding and minority is

3 : 1

. What is share of revenue profits of Holding Company H. Ltd.?

Raj Ltd. decided to bear the higher education cost of five brilliant students belonging to the weaker section of the society. Following is the Statement of Profit & Loss of Raj Ltd for the year ended 31-03-2018:

$\begin{matrix} Particulars & Amount Rs Income : Revenue from Operations & 2, 00, 000 Other Incomes & 15, 000 Total Revenue & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 2, 15, 000 - -------- - Expenses: Cost of Materials Consumed & 1, 10, 000 Other Expenses & 5, 000 Total Expenses & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 1, 15, 000 Tax & 40, 000 \end{matrix}$

You are required to :

(a) Prepare a common size Statement of Profit & Loss of Raj Ltd. for the year ended 31.03.2018.

(b) Identify the value involved.

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The correct option is B If Statement 1 is true then Statement 2 is necessarily false.Option (b) is the correct answer. Check the video for the approach.

The correct option is B If Statement 1 is true then Statement 2 is necessarily false.
Option (b) is the correct answer. Check the video for the approach.