📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Amit, Bhanu, and Chintu started a

    business where Bhanu invested Rs. 1,500 more and Chintu invested Rs. 200 less than Amit. The task is to determine the amount initially invested by Amit. Statement I: The ratio of the time periods for which Amit, Bhanu, and Chintu invested is 3:4:5, respectively. Also, the combined profit share of Amit and Chintu is equal to 70% of Bhanu's profit share. Statement II: Amit withdrew his investment 6 months after starting the business, while Bhanu and Chintu withdrew their investments 2 months and 4 months after Amit, respectively. If Amit had invested 60% more and Bhanu had invested Rs. 450 less, Chintu's profit share would have remained unchanged. The question consists of two statements numbered "l and II" given below it. You have to decide whether the data provided in the statements are sufficient to answer the question.
    A The data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question. Correct Answer Incorrect Answer
    B The data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question. Correct Answer Incorrect Answer
    C The data either in statement I alone or in statement II alone are sufficient to answer the question. Correct Answer Incorrect Answer
    D The data given in both statements I and II together are not sufficient to answer the question. Correct Answer Incorrect Answer
    E The data in both statements I and II together are necessary to answer the question. Correct Answer Incorrect Answer

    Solution

    ATQ, Let the investment of ‘Amit’ = Rs. ‘y’ Then investment of ‘Bhanu’ = Rs. (y + 1500) Investment of ‘Chintu’ = Rs. (y – 200) Statement I: Ratio of profit shares of ‘Amit’, ‘Bhanu’ and ‘Chintu’, respectively = (y × 3):{(y + 1500) × 4}:{(y – 200) × 5} = (3y):(4y + 6000):(5y – 1000) We have, (3y + 5y – 1000) = (4y + 6000) × 0.7 Or, 8y – 1000 = 2.8y + 4200 Or, 5.2y = 5200 So, y = (5200/5.2) = 1000 So initial investment made by ‘Amit’ = y = Rs 1000 So, data in statement I alone is sufficient to answer the question. Statement II: Time period of investment of ‘Bhanu’ and ‘Chintu’ = (6 + 2) and (6 + 4) i.e. 8 months and 10 months, respectively Increased investment of ‘Amit’ = y × 1.6 = Rs. ‘1.6y’ Decreased investment of ‘Bhanu’ = y + 1500 – 450 = Rs. (y + 1050) According to the statement, (1.6y × 6) + (y + 1050) × 8 = (y × 6) + (y + 1500) × 8 (Since investment and time period of investment of ‘Chintu’ does not change) Or, 9.6y + 8y + 8400 = 6y + 8y + 12000 Or, 17.6y + 8400 = 14y + 12000 So, y = 3600 ÷ 3.6 = 1000

    Practice Next
    More Data Sufficiency Questions
    ask-question