Aptitude - Partnership - Discussion
Discussion Forum : Partnership - Data Sufficiency 1 (Q.No. 1)
Directions to Solve
Each of the questions given below consists of a statement and / or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is / are sufficient to answer the given question. Read the both statements and
- Give answer (A) if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question.
- Give answer (B) if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.
- Give answer (C) if the data either in Statement I or in Statement II alone are sufficient to answer the question.
- Give answer (D) if the data even in both Statements I and II together are not sufficient to answer the question.
- Give answer(E) if the data in both Statements I and II together are necessary to answer the question.
1.
Ravi, Gagan and Nitin are running a business firm in partnership. What is Gagan's share in the profit earned by them? | |
I. | Ravi, Gagan and Nitin invested the amounts in the ratio of 2 : 4 : 7. |
II. | Nitin's share in the profit is Rs. 8750. |
Answer: Option
Explanation:
Let us name Ravi, Gagan and Nitin by R, G and N respectively.
I. R : G : N = 2 : 4 : 7.
II. N = 8750..
From I and II, we get:
When N = 7, then G = 4.
| When N = 8750, then G = |  |
4 | x 8750 |  |
= 5000. |
| 7 |
Thus, both I and II are needed to get the answer.
Correct answer is (E).
Discussion:
20 comments Page 1 of 2.
Sid said:
1 year ago
I am assuming:
1) All of them invest at the same time
2) Agreed the profit share should be as per the investment ratio.
The question specifically asks: "What is Gagan's share in the profit?". It does not say what is Gagan's profit.
So, logically G's "share" in profit is 2/(2+4+7).
So, The first statement should be sufficient.
1) All of them invest at the same time
2) Agreed the profit share should be as per the investment ratio.
The question specifically asks: "What is Gagan's share in the profit?". It does not say what is Gagan's profit.
So, logically G's "share" in profit is 2/(2+4+7).
So, The first statement should be sufficient.
Tejas said:
8 years ago
I guess the ratio of investment of Ravi, Gagan and Nitin are 2:4:7.
If we take any 1 person ration to the other.
Eg: Ravi and "Nitin" (as his profit is known).
The ratio of investment is 2:7.
In so R/N= 2/7.
Profit ratio will be x:8750.
Cross multiplying x = 2*8750/4.
4375.
So both data is required to calculate.
If we take any 1 person ration to the other.
Eg: Ravi and "Nitin" (as his profit is known).
The ratio of investment is 2:7.
In so R/N= 2/7.
Profit ratio will be x:8750.
Cross multiplying x = 2*8750/4.
4375.
So both data is required to calculate.
Bumba said:
1 decade ago
Here said that "Ravi, Gagan and Nitin invested the amounts in the ratio". But no time is given. So how we can calculate the actual amount which will be (invested amount * time)?
So we can not say that 4x=8750. Where x is common factor?
So we can not say that 4x=8750. Where x is common factor?
Karthikeyan said:
5 years ago
R:G:N=2:4:7
Total=2+4+7=13
Let total amount be x,then
N share amount =8750
ie, (N share/total share)*total amt=N share amt.
(7/13)*x = 8750.
x = (13*8750)/7.
x = 16250.
For G share = (4/13) * 16250 = 5000.
Total=2+4+7=13
Let total amount be x,then
N share amount =8750
ie, (N share/total share)*total amt=N share amt.
(7/13)*x = 8750.
x = (13*8750)/7.
x = 16250.
For G share = (4/13) * 16250 = 5000.
Kashmi said:
7 years ago
In my opinion, the answer is justified as the ratio 2:7
So the law of investment and the rule of solving is clear.
the ratio and multiplication is right.
8750, then G = 4/7 x 8750 = 5000.
So the law of investment and the rule of solving is clear.
the ratio and multiplication is right.
8750, then G = 4/7 x 8750 = 5000.
(1)
Amit said:
5 years ago
According to me; Since the time is not given, we are required to consider that all three of them have invested at the same time.
(1)
Heena said:
7 years ago
The time duration of investment is missing, so how you can divide the profit in capital ratio? Please explain to me.
(1)
Manish said:
1 decade ago
Can you please explain me? Here time is not given then how can we find the profit ratio?
Parth said:
5 years ago
The time duration for investment is not given.
So, The correct option should be D.
So, The correct option should be D.
(1)
Narendra said:
1 decade ago
The time period is not given, so how can we divide the profit only in amount ratio ?
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