Multiple choice

Directions: A question and three statements I, II and III are given. You have to decide whether the data given in the statements is sufficient to answer the question or not. In a partnership business of A, B and C, what profit did B get at the end of 2 years? I. A and B started the business by investing in ratio 3 : 5. II. C joined after 6 months with Rs. 4 lakh. III. After two years, A's share in profit was Rs. 60,000.

  1. Only I and III are sufficient.

  2. Only II and III are sufficient.

  3. Either I, or II and III together is/are sufficient.

  4. All, i.e. I, II and III, are necessary to answer the question.

  5. The question cannot be answered, even with all, i.e. I, II and III.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

To find B's profit, we need the ratio of investments and the ratio of time periods. Statement I gives investment ratio. Statement II gives C's investment and time, but we need the total profit or B's specific share. Statement III gives A's share. With I and III, we can find the total profit and thus B's share, provided we know the time periods (which are given as 2 years).

Keep practicing — related questions