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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. How much share did Naman get as profit at the end of the year in business Started with partners Kamal and Nishant? Statement I: Nishant invested Rs. 9000 for 7 months, his profit was (3/2) times of profit of Naman’s and Kamal’s investment was 3 times that of Nishant. Statement II: he investment of Kamal and Naman for the whole year is in ratio 3 : 2 Statement III: The profit at the end of the year was Rs. 20,000

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. How much share did Naman get as profit at the end of the year in business Started with partners Kamal and Nishant? Statement I: Nishant invested Rs. 9000 for 7 months, his profit was (3/2) times of profit of Naman’s and Kamal’s investment was 3 times that of Nishant. Statement II: he investment of Kamal and Naman for the whole year is in ratio 3 : 2 Statement III: The profit at the end of the year was Rs. 20,000 Correct Answer All I, II and III are necessary

From statement I and II, we get the investments

⇒ Nishant’s investments = 9000 × 7 = Rs. 63000

⇒ Naman’s investments = 3 × 9000 × 12 = Rs. 324000

Since the investment for Naman and kamal is in ratio 3 ∶ 2

Let 2 units = 324000

Then, 1 unit = 324000/2 = 162000

Hence kamal’s investment = 3 × 162000 = 486000

Nishant : Naman : Kamal = 63000 : 324000 : 486000 = 63 : 324 : 486 = 7 : 36 : 54

From statement III:

Total profit = Rs. 20000

∴ Share of Naman = 20000 × (36/97) = Rs. 7422.68

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