The statement provided in the question states that Jainism is the outcome of the teachings of twenty four Tirthankaras. Tirthankaras are revered spiritual leaders in Jainism who have attained enlightenment and have shown the path to liberation.

Option 1 states that Vardhamana Mahavira was the first Tirthankara and the founder of Jainism. This option is incorrect as it contradicts the belief that Jainism is the outcome of the teachings of twenty four Tirthankaras.

Option 2 states that Vardhamana Mahavira was the twenty third Tirthankara, with the first twenty two Tirthankaras being considered legendary. This option is also incorrect as it does not align with the belief that Jainism is the outcome of the teachings of twenty four Tirthankaras.

Option 3 states that Vardhamana Mahavira was the last and twenty fourth Tirthankara, who was not considered as the founder of the new faith but as a reformer of the existing religious sect. This option is correct as it aligns with the belief that Jainism is the outcome of the teachings of twenty four Tirthankaras and acknowledges Mahavira as the final Tirthankara.

Option 4