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Discussion :: Partnership

  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.

  2. A.

    I alone sufficient while II alone not sufficient to answer

    B.

    II alone sufficient while I alone not sufficient to answer

    C.

    Either I or II alone sufficient to answer

    D.

    Both I and II are not sufficient to answer

    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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