Comparison of Returns on Two Investment Portfolios

Very Hard Data Sufficiency Analyzing Information

An investment company is evaluating the performance of two portfolios, Portfolio X and Portfolio Y. The management seeks to determine whether the total return on Portfolio X is greater than that of Portfolio Y.

Statement (1): The total return on Portfolio X is 15% over the last year, while Portfolio Y has a total return of 10% during the same period.

Statement (2): If the initial investment in Portfolio X was $20,000 and in Portfolio Y it was $25,000, the final value of Portfolio X is $23,000.

Statement (1) alone is sufficient, but statement (2) alone is not sufficient.

Statement (2) alone is sufficient, but statement (1) alone is not sufficient.

Both statements (1) and (2) together are sufficient, but neither statement alone is sufficient.

Each statement alone is sufficient.

Statements (1) and (2) together are not sufficient.

Hint

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