Discussion :: Partnership
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How much did Rohit get as profit at the year-end in the business done by Nitin, Rohit and Kunal?
I.
Kunal invested Rs. 8000 for nine months, his profit was \(\frac { 3 } { 2 } \) times that of Rohit's and his investment was four times that of Nitin.
II.
Nitin and Rohit invested for one year in the proportion 1 : 2 respectively.
III.
The three together got Rs. 1000 as profit at the year end.
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A.
Only I and II |
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B.
Only I and III |
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C.
Question cannot be answered even with the information in all the three statements. |
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D.
All I, II and III |
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E.
None of these |
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Answer : Option D
Explanation :
and II give:
K = Rs. (8000 x 9) for 1 month = Rs. 72000 for 1 month.
N = Rs.[\( \frac { 1 } {4 } \)x8000x12]for 1 month = Rs. 24000 for 1 month.
R = Rs. 48000 for 1 month.
K : N : R = 72000 : 24000 : 48000 = 3 : 1 : 2.
III gives, total profit = Rs. 1000.
Rohit's share = Rs[1000x\(\frac { 2 } { 6 } \)]= Rs. 333\(\frac { 1 } { 3 } \)
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