Multiple choice

The questions given below contain three statements giving certain data. You have to decide whether the data given in the statements are sufficient for answering the question? Ram and Shyam started a business together. What is Shyam's profit? I. Ram and Shyam started a business investing Rs. 12000 and Rs. 9000 respectively. II. Ram invested for 2 months more than Shyam. III. In the profit, Ram's share is Rs. 1500 more than Shyam's share at the end of the year.

  1. I and II

  2. I and III

  3. Any two of them

  4. All I, II and III

  5. Answer can not be given even using all the three statements.
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Statements I and II give investment data but no time duration for either partner. Statement III gives profit difference but not total profit or profit-sharing ratio. Without knowing how long each invested (II only says Ram invested 2 months MORE than Shyam, but not the actual months) and without total profit amount, Shyam's individual profit cannot be determined. The data is insufficient even with all three statements.

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