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The following question has three statements. Study the question and the statements and decide which of the statement(s) is necessary to answer the question. P, Q and R entered into a partnership. If the profit earned in the business is proportional to the investment and the period of investment then what is the ratio of the share of profit between P and Q after one year if all of them invested for one year? I) R's investment was the same as that Q. II) R got 1/3 of the total profit. III) Q's investment was Rs. 100000.

The following question has three statements. Study the question and the statements and decide which of the statement(s) is necessary to answer the question. P, Q and R entered into a partnership. If the profit earned in the business is proportional to the investment and the period of investment then what is the ratio of the share of profit between P and Q after one year if all of them invested for one year? I) R's investment was the same as that Q. II) R got 1/3 of the total profit. III) Q's investment was Rs. 100000. Correct Answer I and II together

Considering Statement III,

Q’s investment = Rs. 100000 

Hence, this statement is not sufficient alone.

Considering Statement  I and II together,

From II, R got 1/3 of the total profit.

 

From I, R's investment was the same as that Q.

⇒ Q also gets 1/3 of the total profit.

∴ P gets the remaining 1/3 as the profit.

Hence, the ratio of the share of profit between P and Q after one year = 1/3 : 1/3

i.e Ratio = 1 : 1

Thus, the question can be answered using statements I and II together.

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