In each of the following questions a question is asked followed by three statements.You have to study the questions and all the given three statements and all the statements and decide whether any information provided in the statement are redundant and can be dispensed with while answering the questions ?
In each of the following questions a question is asked followed by three statements.You have to study the questions and all the given three statements and all the statements and decide whether any information provided in the statement are redundant and can be dispensed with while answering the questions ?
Three friends X,Y,Z started a partnership business investing money in the ratio of the 5 :4:2 respectively for a period of 3 years.What is the amount received by X as share in the total profit ?
I.Total amount invested in the business is Rs.22,000
II.Profit was distributed after a period of 2 years
III.The average amount of profit earned per year is Rs 2,750
1). I only
2). II only
3). III Only
4). I and II only
2 answers
Ratio of investment of X : Y : Z = 5 : 4 : 2
To find the share of profit earned by X (or anyone), we need to find the total profit earned.
From statement III : Average profit for 3 years = Rs. 2750
=> Total profit = $2750 \times 3$ = Rs. 8250
Amount received by X = $\frac{5}{(5+4+2)} \times 8250$ = Rs. 3750
Thus, statements I and II are redundant.
=> Ans - (D)
Ratio of investment of X : Y : Z = 5 : 4 : 2
To find the share of profit earned by X (or anyone), we need to find the total profit earned.
From statement III : Average profit for 3 years = Rs. 2750
=> Total profit = $2750 \times 3$ = Rs. 8250
Amount received by X = $\frac{5}{(5+4+2)} \times 8250$ = Rs. 3750
Thus, statements I and II are redundant.
=> Ans - (D)