Question:
If a real estate agent received a commission of 10% of the selling price of a certain house, what was the selling price of the house?
Statement 1: The difference between the selling price and the real estate agent’s commission is ` 630,000
Statement 2: The selling price is 350% of the original purchase price of ` 200,000
If a real estate agent received a commission of 10% of the selling price of a certain house, what was the selling price of the house?
Statement 1: The difference between the selling price and the real estate agent’s commission is ` 630,000
Statement 2: The selling price is 350% of the original purchase price of ` 200,000
Statement 1: The difference between the selling price and the real estate agent’s commission is ` 630,000
Statement 2: The selling price is 350% of the original purchase price of ` 200,000
Updated On: Jul 25, 2024
- statement (1) alone is sufficient to answer the question
- statement (2) alone is sufficient to answer the question
- both the statements together are needed to answer the question
- statement (1) alone or statement (2) alone is sufficient to answer the question
- neither statement (1) nor statement (2) suffices to answer the question
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
The correct option is (D): statement (1) alone or statement (2) alone is sufficient to answer the question
Was this answer helpful?
0
0
Top Questions on Statements and Inferences
- Caroline Hoxby has produced a large body of research looking at college applications by low-income students. In “The Missing One-Offs,” she and Christopher Avery showed that students with high grades and low economic standing often refrain from applying to more prestigious schools, despite those schools’ better financial support. Their research suggests that students who avoid selective schools are usually choosing to apply to the same schools their friends and economic peers do. Hoxby and Avery conclude that this is either a consequence of their being underinformed about their options (a fault of recruitment) or believing that the culture and atmosphere of prestigious colleges wouldn’t be very inviting to them (a fault of the schools and their PR).
Which of the following can be properly inferred from the passage?- AILET BALLB (Hons.) - 2025
- Logical Reasoning
- Statements and Inferences
- The rapid advancement of technology has significantly changed the way people interact with one another. While technology facilitates communication and connects people across distances, it can also lead to feelings of isolation and disconnection in face-to-face relationships. Many individuals find that they are more comfortable sharing their thoughts and feelings online rather than in person, which can diminish the quality of their real-world interactions.
Based on the above passage, which conclusion necessarily follows?- AILET BALLB (Hons.) - 2025
- Logical Reasoning
- Statements and Inferences
- A wildfire has broken out in a large national park, spreading quickly due to dry conditions and strong winds. The forest officers only have a limited amount of firefighting resources, including helicopters, water trucks, and personnel. They must decide where to allocate these resources to save as much of the park as possible. To maximize their efforts, they prioritise the areas of the park that are home to endangered species and ecosystems that would be the hardest to recover if destroyed by the fire.
Which of the following most mirrors the principle in the passage above?
I. A university offers a limited number of scholarships each year. To ensure the best use of its funds, it prioritizes applicants from underprivileged backgrounds and those with academic potential, believing this will have the most significant long-term impact on the community.
II. A charitable foundation receives an influx of donations for disaster relief. In distributing the funds, it focuses on the hardest-hit communities where homes were completely destroyed, providing them with emergency shelter and rebuilding services before addressing other needs.
III. A large grocery store faces a major food supply shortage due to transportation issues. To minimize the impact on customers, the store decides to limit the sale of high-demand items like milk, bread, and meat, allowing each shopper to purchase only a small amount to ensure everyone can get basic supplies.
Select the correct option :- AILET BALLB (Hons.) - 2025
- Logical Reasoning
- Statements and Inferences
- Statement: Sports competitions foster teamwork and discipline, providing athletes with opportunities to develop skills and achieve personal goals. However, the rampant commercialisation of sports has shifted the focus toward profit, sometimes leading to unethical practices such as match-fixing and doping. While some argue that strict regulations are needed to preserve the integrity of sports, others believe that over-regulation may hinder athletic performance and creativity. Striking the right balance between commercial interests and ethical standards remains a challenge.
Conclusion:
I. The commercialisation of sports has led to unethical practices.
II. Stricter regulations are always beneficial for sports integrity.
III. There is a need for balance between commercial interests and ethical practices in sports.
Based on the above statement, which conclusion necessarily follows?- AILET BALLB (Hons.) - 2025
- Logical Reasoning
- Statements and Inferences
- Statement: Culinary arts have evolved significantly over the years, with chefs increasingly focusing on sustainable and locally sourced ingredients. This shift has allowed for a resurgence of interest in traditional cooking techniques alongside modern innovations. However, some culinary purists argue that these trends threaten the authenticity of classic recipes, while others believe that the focus on sustainability enhances the overall dining experience. The debate about preserving culinary heritage versus embracing new practices continues among food enthusiasts.
Conclusion:
I. The emphasis on sustainability has both benefits and challenges in the culinary world.
II. Traditional recipes will eventually become obsolete due to modern trends.
III. The culinary arts are enriched by the combination of tradition and innovation.
Based on the above statement, which conclusion necessarily follows?- AILET BALLB (Hons.) - 2025
- Logical Reasoning
- Statements and Inferences
View More Questions
Questions Asked in IBSAT exam
- Lumber : Bear :: Waddle :
Directions: In the question, the first two words are related in a particular manner. You have to choose a word from the options so that a new pair of words is formed where the relation is the same as that of the first pair of words. You are required to consider the secondary meaning of certain words while choosing an answer.- IBSAT
- Analogy
- A boy has some coins with some value on them. He arranges the coins in the form of a star as shown below such that the sums of the numbers in the four circles along any line segment of the star are all equal. What is the sum of the missing numbers?
- IBSAT
- Logical and Analytical Reasoning Skills
- Directions: Fill in the blanks with the words that best fit the meaning of the sentence as a whole.
If a nation is unable to come to ______ on interpreting its own past, it will be unable to ______ its national interests.- IBSAT
- Fill in the Blanks
- The functions f(x) and g(x) are related as f(g(x)) = xg(f(f(x))), where f (x) = \(\frac{x}{x-1}\). What could be the functional form g(x)?
- IBSAT
- Functions
- If p, q, r and s are four positive integers such that pqrs = 1, what is the minimum value of (2 + p)(3 + q)(4 + r)(5 + s)?
- IBSAT
- Quadratic Equation
View More Questions