Question : Directions: P1, P2, P3, P4, P5, P6 and P7 earn different profits. P1 earns more profit than P5 but less than P3. P6 earns less profit than only two people. P4 earns the least profit. P2 earns less profit than P1. P7 earns the most profit. Who earns the third highest profit?
Option 1: P4
Option 2: P6
Option 3: P3
Option 4: P7
Correct Answer: P6
Solution :
Given:
I. P1 earns more profit than P5 but less than P3.
P3 > P1 > P5;
II. P6 earns less profit than only two people.
__ > __ > P6 > __ > __ > __ > __
III. P4 earns the least profit.
__ > __ > P6 > __ > __ > __ > P4
IV. P2 earns less profit than P1.
P1 > P2
V. P7 earns the most profit. After combining all the statements the arrangement is as follows –
P7 > P3 > P6 > P1 > P2/P5 > P2/P5 > P4
So, the third highest profit is for person P6. Hence, the second option is correct.