What is $R$ 's share of profit in a joint 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.

All I, II and III

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I and III only

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II and III only

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Even with all I, II and III, the answer cannot be arrived at

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None of these

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Solution

The correct option is C Even with all I, II and III, the answer cannot be arrived at
From I, II and III, we get $P : Q : R = (120000 \times 8) : (80000 \times 12) : (x \times 9)$ .
Since $R$ 's investment is not given, the above ratio cannot be give.
$∴$ Given data is inadequate.

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What is R's share of profit in a joint 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.

The correct option is C Even with all I, II and III, the answer cannot be arrived atFrom I, II and III, we get P:Q:R=(120000×8):(80000×12):(x×9).Since R's investment is not given, the above ratio cannot be give.∴ Given data is inadequate.

What is $R$ 's share of profit in a joint 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.

The correct option is C Even with all I, II and III, the answer cannot be arrived at
From I, II and III, we get $P : Q : R = (120000 \times 8) : (80000 \times 12) : (x \times 9)$ .
Since $R$ 's investment is not given, the above ratio cannot be give.
$∴$ Given data is inadequate.