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### Discussion :: Partnership

1.  Three friends, P, Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period of 3 years. What is the amount received by P as his share profit?

I. Total amount invested in the business in Rs. 22,000.

II. Profit earned at the end of 3 years is $$\frac {3} {8 }$$ of the total investment.

III. The average amount of profit earned per year is Rs. 2750.

2.  A. I or II or III B. Either III only, or I and II together C. Any two of the three D. All I, II and III are required. E. None of these

Answer : Option B

Explanation :

I and II give, profit after 3 years = Rs.[$$\frac { 3 } { 8 }$$x22000]= Rs. 8250.

From III also, profit after 3 years = Rs. (2750 x 3) = Rs. 8250.

P's share =Rs.[8250x$$\frac { 5 } { 11}$$]= Rs. 3750.

Thus, (either III is redundant [or] I and II are redundant).

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