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

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By: guest on 01 Jun 2017 05.47 pm

I and II give, profit after 3 years = Rs. 3 x 22000 = Rs. 8250. 8 From III also, profit after 3 years = Rs. (2750 x 3) = Rs. 8250. P's share = Rs. 8250 x 5 = Rs. 3750. 11 Thus, (either III is redundant [or] I and II are redundant). Correct answer is (B).