Question

DIRECTIONS for the question: The question below is followed by two statements marked I and II. Mark as your answer.

A, B and C started a business with a total investment of Rs. 21,400/-. What is the total annual profit earned by them?

I. B earned a profit of Rs. 11,200/-. Had B invested Rs. 3000/- more and C invested Rs. 3000/- less. B's share of annual profit would have been Rs. 15,200.

II. B invested Rs. 8400

1.  If statement l alone is sufficient but ll is not sufficient
2. If statement ll alone is sufficient but l is not sufficient
3. If both statements l and ll are needed
4. If each statement l or ll alone is sufficient
5. If statement l and ll together not sufficient 

Answer 1

Correct Answer - Option 5 : If statement l and ll together not sufficient 

Calculation:

Let be assume investment of A, B and C is X, Y, and Z

⇒ X + Y + Z = 21400

From statement l

⇒ B's profit is 11200 and if the investment of B is (Y - 3000) and investment of C is (Z - 3000) then profit of B is 15200

⇒ Hence we cannot get the annual profit from statement l alone

From statement ll

⇒ B invested 8400 rupees but we cannot define the investment of A and C so we cannot get annual profit

⇒ Hence from statement ll alone not sufficient to answer the question

Both statement l and ll together not sufficient to answer the question

∴ The required result will be "If both of them together are not sufficient".

For annual profit we must require the time and investment of regarding persons.