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The following question, there are three statements I, II and III. Read the question carefully and mark your answer according to which statements(s) is/are sufficient to the answer the question. Aman, Raunak and Bhavesh started a business investing money in the ratio of4:5:3 respectively for a duration of 5 years. Find the amount received by Aman as profit. Statement I: Total amount invested in the business is Rs. 80,000 Statement II: Profit earned at the end of the 5 years is (3/8) times of the total investment Statement III: The average amount of profit earned every year is Rs. 2400

The following question, there are three statements I, II and III. Read the question carefully and mark your answer according to which statements(s) is/are sufficient to the answer the question. Aman, Raunak and Bhavesh started a business investing money in the ratio of4:5:3 respectively for a duration of 5 years. Find the amount received by Aman as profit. Statement I: Total amount invested in the business is Rs. 80,000 Statement II: Profit earned at the end of the 5 years is (3/8) times of the total investment Statement III: The average amount of profit earned every year is Rs. 2400 Correct Answer Either III or I and II

From statement I and II, we get

Profit after 5 years = (3/8) × 80000 = Rs. 30000

Share of Aman = 30000 × 3/12 = Rs. 7500

From statement III

Profit after 5 years = 2400 × 5 = Rs. 12000

Share of Aman = 12000 × (4/12) = Rs. 4000

∴ Either statement I and II together or statement III alone are sufficient to answer the question.

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