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Aptitude - Partnership - Discussion

Discussion Forum : Partnership - Data Sufficiency 1 (Q.No. 1)
Partnership
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.

I alone sufficient while II alone not sufficient to answer
II alone sufficient while I alone not sufficient to answer
Either I or II alone sufficient to answer
Both I and II are not sufficient to answer
Both I and II are necessary to answer
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 2 of 2.
Kanika said:   8 years ago
Here, the Duration is not mentioned. Shouldn't the answer be D?
Raj said:   10 years ago
Duration of investment is not clearly mentioned in question.
Abhinesh said:   1 decade ago
Time is not use in case of profit because no relation in time.
Manish said:   1 decade ago
Can you please explain me? Here time is not given then how can we find the profit ratio?
Alok said:   1 decade ago
Nowhere it is mentioned that the profit should be divided in capital ratio.
Sush said:   1 decade ago
Total investment amount is not given from where we can extract G shares.
Ravish said:   1 decade ago
Where is it mentioned about the time period in which they invested?
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?
Narendra said:   1 decade ago
The time period is not given, so how can we divide the profit only in amount ratio ?
Nani said:   1 decade ago
Can you explain in detail. How you take 4/7?
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