Question
Download Solution PDFOn the basis of the statement given below, identify the total amount spent by a college in a year.
Statement I:- The College sold 10 articles worth Rs. 200 in a year.
Statement II:- The College sold 20 Pens worth total Rs. 20 in a year.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe given statements are:
Statement I:- The College sold 10 articles worth Rs. 200 in a year → This is revenue earned, not expenditure.
Statement II:- The College sold 20 Pens worth total Rs. 20 in a year → This is revenue earned, not expenditure.
Both statements are insufficient to determine the total amount spent by the college in a year. Revenue data needs to be differentiated from expenditure data, and the current statements do not offer that differentiation.
Hence, the correct answer is "Both the statements are insufficient to answer".
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