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? What is the R’s share of profit in a joint venture? (A) Q started a business investing Rs. 80000 (B) R joined him after 3 months (C) P joined after 4 months with capital of Rs 120000 and got Rs. 6000 as his share of profit

  1. Only A and C are required

  2. Only B and C are required

  3. All A, B and C together are required

  4. Even with all A, B and C the answer cannot be found

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Statement A gives Q's investment but no duration or profit info. Statement B says R joined after 3 months but gives no investment amount. Statement C gives P's investment and profit share but no total profit or time period. Even together, we don't know: R's investment amount, the total profit, or how long the business ran. Therefore, R's profit share cannot be determined, making option D correct.

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