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      Question

      In a partnership business of A, B and C, what profit did

      B get at the end of 2 years? I. A and B started the business by the investing in ratio 2:3. II. C joined after 8 months with Rs 5 lakhs III. After two years. A’s share in profit was Rs 40,000 In each of the following questions, a question and three statements I, II and III are given. You have to decide whether the date given in the statements are sufficient to answer the question or not.
      A Only I and III are sufficient Correct Answer Incorrect Answer
      B Only II and III are sufficient Correct Answer Incorrect Answer
      C Either I or II and III are sufficient Correct Answer Incorrect Answer
      D All I, II and III are necessary to answer the question Correct Answer Incorrect Answer
      E The question cannot be answered even with all I, II and III Correct Answer Incorrect Answer

      Solution

      From statements I and III, since we know the investment ratio of A and B, we can get the share of B in the profit.

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