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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.
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?
Anuj said:   7 years ago
The time period is not given, when who joins, so can't determine.
Kanika said:   8 years ago
Here, the Duration is not mentioned. Shouldn't the answer be D?
Abhinesh said:   1 decade ago
Time is not use in case of profit because no relation in time.
Raj said:   10 years ago
Duration of investment is not clearly mentioned in question.
Kalyan said:   8 years ago
Please give the clarity of the answer with explanation.
Prasanth said:   7 years ago
It's not (4/7)*8750.
(4/13) * 8750 is correct.
Nani said:   1 decade ago
Can you explain in detail. How you take 4/7?
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