Step 1: Understand the question
We are asked to find the total number of students surveyed, based on the readership data of three magazines: Business India, Outlook, and India Today. This requires summing up all the disjoint groups in the Venn diagram.
Step 2: List out all groups given in the problem
- Students who read only Business India = 40
- Students who read only Outlook = 60
- Students who read only India Today = 110
- Students who read all three magazines = 30
- Students who read Business India and India Today, but not Outlook = 20
- Students who read Business India and Outlook, but not India Today = 50
- Students who read Outlook and India Today, but not Business India = 40
Step 3: Add them all
Total students = (Only BI) + (Only O) + (Only IT) + (All three) + (BI ∩ IT only) + (BI ∩ O only) + (O ∩ IT only)
= 40 + 60 + 110 + 30 + 20 + 50 + 40
= 350
Step 4: Conclusion
Thus, the total number of students surveyed is 350.
Final Answer: The correct option is (B): 350