62.
|
Three friends, P, Q and R started a partnership business
investing money in the ratio of 5 : 4 : 2 respectively for a period of 3
years. What is the amount received by P as his share profit?
|
I.
|
Total amount invested in the business in Rs. 22,000.
|
II.
|
Profit earned at the end of 3 years is of
the total investment.
|
III.
|
The average amount of profit earned per year is Rs.
2750.
|
|
A.
|
I or II or III
|
B.
|
Either III only, or I and
II together
|
C.
|
Any two of the three
|
D.
|
All I, II and III are
required.
|
E.
|
None of these
|
|
Answer: Option B
Explanation:
From
III also, profit after 3 years = Rs. (2750 x 3) = Rs. 8250.
Title :
Partnership Q62
Description : 62. Three friends, P, Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period...
Rating :
5
