Join ExamsbookAnswer : 3. "Both A & B gives result"
Three friends, P, Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period of 3 years. What is the amount received by P as his share in the total profit ?
a. Total amount invested in the business in Rs. 22,000.
b. Profit earned at the end of 3 years is 3/8 of the total investment.
c. The average amount of profit earned per year is Rs. 2750.5
Q: Three friends, P, Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period of 3 years. What is the amount received by P as his share in the total profit ? a. Total amount invested in the business in Rs. 22,000. b. Profit earned at the end of 3 years is 3/8 of the total investment. c. The average amount of profit earned per year is Rs. 2750.
- 1Only c is sufficientfalse
- 2Both a & b are sufficientfalse
- 3Both A & B gives resulttrue
- 4Nonefalse
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Answer : 3. "Both A & B gives result"
Explanation :
Answer: C) Both A & B gives result Explanation: a and b give, profit after 3 years = Rs.(3/8 x 22000) = Rs.8250. From c also, profit after 3 years = Rs. (2750 x 3) = Rs. 8250. ∴ P's share = Rs.(8250 x 5/11) = Rs. 3750. Thus, (either C is redundant) or (a and b are redundant).