Multiple choice

Each of these questions consists of a question followed by informations in three statements. You have to study the question and the statements and decide that information in which of the statement(s) is/are necessary to answer the question? What will be the share of R in the profit earned by V,R and A together? (I) They together invested an amount of Rs 54000 for a period of one year. (II) R's investment was 25% less than V's and 50% more than A's. (III) The profit of V is Rs 4000 more than that of A.

  1. I and II

  2. II and either I or III

  3. Only II

  4. Only II and III
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Profit distribution among partners is proportional to their investments when time periods are equal. Statement II gives the ratio of investments (V:R:A = 4:3:2). Statement III gives a relationship between profits (V's profit = A's profit + Rs 4000). Using the ratio 4:3:2, we can set profits as 4k, 3k, 2k. Then 4k - 2k = 4000, so k = 2000. Therefore R's share is 3k = Rs 6000. Statement I is not needed.

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