Given below is a statement followed by two possible underlying assumptions I and II. Read the information carefully and select the correct option.

Statement:

Though the fashion brand 'Pick2wear' failed miserably in country X, it would surely make huge profits in a country with a higher average age like country T.

Which of the following can be assumed based on the given statement?

I. Country T has a higher percentage of older people than country X.

II. 'Pick2Wear' usually does not suit the dressing preferences of youngsters.

Assumption I:
The statement mentions that country T has a higher average age than country X, but this does not necessarily mean it has a higher percentage of older people (e.g., "higher average age" could result from fewer children rather than more older people). Thus, I cannot be assumed.

Assumption II:
The statement does not provide any information about whether 'Pick2Wear' does not suit youngsters. It only indicates that it failed in country X and may perform better in country T due to a higher average age. There is no explicit link between its failure and youngsters' preferences. Thus, II cannot be assumed.