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The following questions are accompanied by three statements (I), (II), and (III). You have to determine which statements(s) is/are sufficient/necessary to answer the questions. Two partners, P and Q entered in a business, what profit will Q get at the end of 2 years?  I. Q joined the business with an amount of Rs. 875000 II. P and Q started the business by investing in the ratio 4 : 7 and After 2 years, P’s share is Rs. 95000. III. P joined the business with an amount of Rs. 500000

The following questions are accompanied by three statements (I), (II), and (III). You have to determine which statements(s) is/are sufficient/necessary to answer the questions. Two partners, P and Q entered in a business, what profit will Q get at the end of 2 years?  I. Q joined the business with an amount of Rs. 875000 II. P and Q started the business by investing in the ratio 4 : 7 and After 2 years, P’s share is Rs. 95000. III. P joined the business with an amount of Rs. 500000 Correct Answer Only II

From statement II:

Share of profit of P and Q will be in the ratio of 4 : 7 

After two years, 

Let the share of profit of Q be Rs. y 

∴ 4/7 = 95000/y 

⇒ y = 95000 × 7/4 

⇒ y = Rs. 166250 

∴ Statement II alone is sufficient to answer.

Related Questions

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