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Statement and Assumption - Verbal and Reasoning

Directions to SolveIn each question below is given a statement followed by two assumptions numbered I and II. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.Give answer
  • (A) If only assumption I is implicit
  • (B) If only assumption II is implicit
  • (C) If either I or II is implicit
  • (D) If neither I nor II is implicit
  • (E) If both I and II are implicit.
Q1:

Statement: This year most of the shops and departmental stores are offering prizes and discounts on purchases to attract customers. Assumptions:
  1. The shops and departmental stores have so far earned a lot of profit, so now they have started sharing it with the customers.
  2. Lots of goods are available but the sale is not shooting up. There is no cheer for the customers.

A Only assumption I is implicit

B Only assumption II is implicit

C Either I or II is implicit

D Neither I nor II is implicit

E Both I and II are implicit

ANS:B - Only assumption II is implicit

Explanation: That someone has earned a lot is no reason to share the profit margin with the customers. So, I is not implicit. Clearly, the offers have been announced to attract more customers and boost up the sale. So, II is implicit.