Aptitude - Partnership

Exercise : Partnership - Data Sufficiency 3
Directions to Solve

Each of these questions is followed by three statements. You have to study the question and all the three statements given to decide whether any information provided in the statement(s) is redundant and can be dispensed with while answering the given question.


1.

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 profit?

I. 

Total amount invested in the business in Rs. 22,000.

II. 

Profit earned at the end of 3 years is of the total investment.

 III. 

The average amount of profit earned per year is Rs. 2750.

I or II or III
Either III only, or I and II together
Any two of the three
All I, II and III are required.
None of these
Answer: Option
Explanation:

I and II give, profit after 3 years = Rs. 3 x 22000 = Rs. 8250.
8

From III also, profit after 3 years = Rs. (2750 x 3) = Rs. 8250.

P's share = Rs. 8250 x 5 = Rs. 3750.
11

Thus, (either III is redundant [or] I and II are redundant).

Correct answer is (B).