A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
D. EACH statement ALONE is sufficient.
E. Statements (1) and (2) TOGETHER are NOT sufficient.
Explanation: Let \(x\) be the total profit. Faisal's share: \(1/3 x\). Remaining profit: \(x - 1/3 x = 2/3 x\). Each of the 3 friends' share: \(1/3\) of the rest: \(1/3 \times (2/3 x) = 2/9 x\). Statement 1: Faisal and one friend's share is \(5/9\) of total. \((1/3 x) + (2/9 x) = (3/9 x) + (2/9 x) = 5/9 x\). This confirms the shares but doesn't give the value of \(x\). Not sufficient. Statement 2: Two friends' total share is \(48000\). Two friends' share = \(2 \times (2/9 x) = 4/9 x\). So, \(4/9 x = 48000\). This allows solving for \(x\): \(x = 48000 \times 9 / 4 = 12000 \times 9 = 108000\). Sufficient. Statement (2) ALONE is sufficient.