Question

The profits of Biscuits India Ltd soared by 32% in the year 2006 - 07 as compared to year 2005 - 06. By what % did Biscuits India’s Sales increase in 2006 - 07 compared to the previous year? ( ssume: Profit = Sales - Expenses) Decide whether the information given in the two statements is sufficient to solve the problem.
Statement (1): Expenses in 2006 - 07 were Rs 1,400 crores, as compared to Rs 1,220 crores in 2005-06
Statement (2): Sales in 2006 - 07 were Rs 4,300 crores

• A. Any one of the two statements (1) or (2) taken alone, is sufficient to answer the question.
• B. Each of the statement (1) or (2) taken alone, is sufficient to answer the question.
• C. Both statements, taken together, are sufficient to answer the question, but neither of them alone is sufficient
• D. Both the statements together are insufficient to answer the question.

Answer 1

The Correct Option is C

The correct option is (C): Both statements, taken together, are sufficient to answer the question, but neither of them alone is sufficient