Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer. How long Rahul invested his money in the partnership business of two partner Rahul and Ganesh. I. Rahul received one third of the profit. II. Ganesh invested 1/7 of total capital for 12 months.
Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer. How long Rahul invested his money in the partnership business of two partner Rahul and Ganesh. I. Rahul received one third of the profit. II. Ganesh invested 1/7 of total capital for 12 months. Correct Answer If both the statements I and II together are needed to answer the question.
Statement I
Ganesh share of profit = (1 - 1/3) = 2/3
Statement II
Rahul share in capital = (1 - 1/7) = 6/7
From both the statements
⇒ Profit of Rahul/Profit of Ganesh = (Time × Capital of Rahul) / (Time × Capital of Ganesh)
⇒ 1/2 = (6 × Time) / (12 × 1)
⇒ Time = 1
Rahul invested his money for one month
∴ Both the statements I and II together are needed to answer the question