Discussion :: Partnership
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What is R's share of profit in a joit venture?
I. Q started business investing Rs. 80,000.
II. R joined him after 3 months.
III. P joined after 4 months with a capital of Rs. 1,20,000 and got Rs. 6000 as his share profit.
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A.
All I, II and III |
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B.
I and III only |
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C.
II and III only |
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D.
Even with all I, II and III, the answer cannot be arrived at |
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E.
None of these |
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Answer : Option D
Explanation :
From I, II and III, we get P : Q : R = (120000 x 8) : (80000 x 12) : (x x 9).
Since R's investment is not given, the above ratio cannot be give.
Given data is inadequate.
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