Statement The railway authorities have decided to increase the freight charges by 10% in view of the possibility of incurring losses in the current financial year. Assumptions I. The volume of freight during the remaining period may remain same. II. The amount so obtained may set off a part or total of the estimated deficit.

• if only Assumption I is implicit
• if only Assumption II is implicit
• If either Assumption I or II is implicit
• if neither Assumption I nor II is implicit