Multiple choice

The questions given below contain two statements giving certain data. You have to decide whether the data given in the statements are sufficient for answering the question? Mark answer - Ram and Shyam are in a partnership business for one year. At the end of the year, a profit of Rs. 20000 was earned. What is Ram’s share ? I. Ram invested Rs. 50,000 and started the business. II. Shyam joined him after 4 months with capital equal to 137.5% of that of Ram.

  1. statement I alone is sufficient but statement II alone is not sufficient.

  2. statement II alone is sufficient but statement I alone is not sufficient.

  3. each statement alone (either I or II) is sufficient.

  4. statement I and II together are not sufficient.

  5. both statements together are sufficient, but neither statement alone is sufficient.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

To find Ram's profit share, we need both his investment amount and duration, plus Shyam's investment and duration. Statement I gives Ram's investment (Rs. 50,000) but nothing about Shyam. Statement II gives Shyam's timing (after 4 months) and relative capital (137.5% of Ram's), but depends on knowing Ram's capital from statement I. Neither statement alone is sufficient.

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