Discussion :: Partnership
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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.
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A.
I alone sufficient while II alone not sufficient to answer |
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B.
II alone sufficient while I alone not sufficient to answer |
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C.
Either I or II alone sufficient to answer |
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D.
Both I and II are not sufficient to answer |
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E.
Both I and II are necessary to answer |
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Answer : Option E
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 =[\( \frac { 4 } { 7 }*8750]\) |
=5000
Thus, both I and II are needed to get the answer.
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