Question

Three friends A, B and C 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 A as the share in total profit?
I. Total amount invested in the business is Rs. 22000.
II. Profit earned at the end of 3 yr is 3/8 of the total investment
III. The average amount of profit earned per year is Rs 2750.

• A. Only I
• B. Either I and II or III
• C. Only III
• D. I or III
• E. I or II or III

Answer 1

The correct option is B Either I and II or III

A:B:C=5:4:2
Time of investment = 3 yr
From I, total amount invested = Rs 22000
From II, total profit $=\frac{3}{8}\times 22000=Rs8250$
III is same as that of II.
Now A' share $=\frac{5}{5+4+2}\times 8250=Rs3750$
Thus, either I and II are redundant or III is redundant.