Question
Download Solution PDFA company observed that seven out of ten houses uses furniture of customized house set which was made by company X. However production cost of furniture of company X is more than all other available furniture in the market. Also company X is earning 70% of his annual income in city of US in comparison to other companies.
Which of the following statement can be inferred from above passage?
A) Company will focus on less on making other costlier product.
B) People of that city like to purchase the customized set of furniture of company X.
C) People would not buy furniture because prices are very high.
D) Company X is using best quality material.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFWe take a look at the given statements as follows:
A) Company will focus on less on making other costlier product. → There is no need for the company to do so. There is nowhere mentioned that it is incurring losses or so. Hence, this cannot be inferred from the given passage.
B) People of that city like to purchase the customized set of furniture of company X. → Since, 70 percent of its sales come from that particular city alone, so it is safe to say that the people of that particular state prefer buying furniture from Company X. Hence, this can be inferred from the given passage.
C) People would not buy furniture because prices are very high. → The price might not be a factor for a lot of people and they might opt for the quality of product they are being given. Hence, this cannot be inferred from the given passage.
D) Company X is using best quality material. → We aren't told anything about the material that Company X or any other company is using. Hence, this cannot be inferred from the given passage.
Therefore, only statement B can be inferred from the given passage.
Hence, only statement B can be inferred.
Last updated on Jul 3, 2025
-> The Institute of Banking Personnel Selection (IBPS) has officially released the Provisional Allotment under the Reserve List on 30th June 2025.
-> As per the official notice, the Online Preliminary Examination is scheduled for 22nd and 23rd November 2025. However, the Mains Examination is scheduled for 28th December 2025.
-> IBPS RRB Officer Scale 1 Notification 2025 is expected to be released in September 2025..
-> Prepare for the exam with IBPS RRB PO Previous Year Papers and secure yourself a successful future in the leading banks.
-> Attempt IBPS RRB PO Mock Test. Also, attempt Free Baking Current Affairs Here