Discussion Forum



Each of the questions given below consists of a question followed by three statements numbered I, II and III. Please read the questions and its statements carefully and decide which of the statement(s) is/are necessary to answer the question.

1)

What is Z's share of profit in a joint venture?.

I) Y started business investing Rs. $80,000$.

II) Z joined him after $3$ months.

III) X joined after 4 months with a capital of Rs. $1,20,000$ and got Rs. $6000$ as his share of profit.


A) All I, II and III

B) I and III only

C) II and III only

D) Cannot be calculated with all (I, II,II)

E) None of these

Answer:

Option D

Explanation:

From I, II and III, we get $X:Y:Z$ $=(120000\times 8)$ $:(80000\times 12)$ $:(x\times 9)$.

Since Z's investment is not given, the above ratio cannot be given.

$\therefore$ Given data is inadequate.

$\therefore$ Correct answer is (D).