In each of the following questions, a question and three statements I, II and III are given. You have to decide whether the data given in the statements are sufficient to answer the question or not.
In a partnership business A, B and C what profit did B get at the end of 2 years ?
I. A and B started the business by investing in ratio 3: 5.
II. C joined after 6 months with Rs. 4 lakhs.
III. After two years, A’s share in profit was Rs. 60000.
Clearly, each statement alone is insufficient as there is missing information about other persons.
I & II : Let A & B started with investment of 3 lakhs & 5 lakhs respectively. C joined after 6 months with 4 lakhs.
=> Ratio of profit = A : B : C = (3*12) : (4*6) : (5*12)
= 36 : 24 : 60 = 3 : 2 : 5
=> B will get two-tenth of the profit.
Thus, I & II together are sufficient.
After combining I & III or II & III, we will still have insufficient information.
Thus, ans - (a).
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