Explanation:

Let’s break it down:

- In the code, 'PERMIT' becomes 'GRNIVK'. That means there’s a pattern.

- Let’s check if it’s a direct substitution, a letter shift, or maybe a reversal.

Look closely:

- 'P' ? 'G' (P is the 16th letter, G is the 7th; 16 - 9 = 7)

- 'E' ? 'R' (E is 5, R is 18; 5 + 13 = 18)

- 'R' ? 'N' (R is 18, N is 14; 18 - 4 = 14)

- 'M' ? 'I' (M is 13, I is 9; 13 - 4 = 9)

- 'I' ? 'V' (I is 9, V is 22; 9 + 13 = 22)

- 'T' ? 'K' (T is 20, K is 11; 20 - 9 = 11)

There’s a pattern of shifting letters. But the quick trick: 'CONDUCE' and the options look like code for code letter-position swap.

Check the options:

- Option 1: XLMWFXV

- Option 2: VXFWMLX

- Option 3: VFXMWXL

- Option 4: VXFMWLX

If you map 'PERMIT' to 'GRNIVK', and try to map each letter of 'CONDUCE' using that same pattern, option 4—VXFMWLX fits the pattern.

So, here’s your verdict:

Correct answer: Option 4 – VXFMWLX

What this really means is that it’s not just about how each letter changes, but the order too. It’s a mix of shifting and switching letter positions, and option 4 best matches the code logic you see from 'PERMIT' to 'GRNIVK'.