Three Years of Profits Welcome! You are encouraged to register with the site and login (for free). When you register, you support the site and your question history is saved.The profits of a new company were x percent higher in the second year than the first year and y percent lower in the third year than the second year. Were the profits higher in the third year than the first year?(1) (2) 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 TOGETHER are sufficient, but NEITHER statement ALONE is sufficient. EACH statement ALONE is sufficient. Statements (1) and (2) TOGETHER are NOT sufficient. Review Answer