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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?


    Ravi, Gagan and Nitin invested the amounts in the ratio of 2 : 4 : 7.


    Nitin's share in the profit is Rs. 8750.

  2. A.

    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

    View Answer


    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 =[\( \frac { 4 } { 7 }*8750]\)




    Thus, both I and II are needed to get the answer.



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