Statement In order to reduce the gap between income and expenditure the company has decided to incre...........

Logical Reasoning(Master ) Statement - Assumptions

Statement: In order to reduce the gap between income and expenditure, the company has decided to increase the price of its product from next month.

Assumptions:

I. The rate will remain more or less same after the increase.

II. The expenditure will more or less remain the same in near future.

III. The rival companies will also increase the price of the similar product.

Only I and II are implicit

Only II and III are implicit

Only III is implicit

None of these

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Explanation:

Answer: Option D
Explanation:
Clearly, the company intends to reduce the gap between income and expenditure by increasing the price of its product i.e. by keeping the expenditure unaltered and increasing the income only. So, II is implicit while I is not. However, the rival companies may or may not follow the same pursuit. So, III is not implicit.

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