Question
What is the total profit earned by two partners, A and
B, in a business? Statement I: A and B started a business by investing Rs. 50,000 and Rs. 75,000, respectively. After 6 months, A withdrew Rs. 10,000, and B invested an additional Rs. 25,000. The business ran for 1 year, and the profit was distributed in proportion to their investments. Statement II: The total profit was shared between A and B in the ratio 14:19. B's share of the profit was Rs. 19,000. The question consists of two statements I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question or not.Solution
Using Statement I, The profit-sharing ratio can be calculated based on the investments of A and B over 12 months. However, the total profit is not provided, so this statement alone is not sufficient. Using Statement II, The profit-sharing ratio and B's share of Rs. 19,000 allow us to calculate the total profit. Since the ratio is 14:19, the total profit is Rs. (19,000 × (14 + 19)) ÷ 19 = Rs. 33,000. This statement alone is sufficient to answer the question. Answer: B
Statements: Z ≥ S > H, C > H, T = O ≥ H
Conclusions:
I. T > C
II. Z > H
Statements: N < W; W ≤ A; G > A; Y ≥ A
Conclusions:      I. Y ≥ W                II. G > W            ...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
Three statements are given followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varianc...
Statements: X ≥ P ≥ O = S; S ≤ H < N; N > I
Conclusions:
I. O ≥ N
II. I > O
III. S < X
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
Statements: G ≤ E < M; H ≥ G; U < M < A
Conclusions:
I. G < A
II. U < E
III. M > H
Statements: M ≥ X ≥ B > V ≤ G = Y > K > U < N
Conclusion
I: G > U
II: V ≤ M
In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if t...
Study the statements and the conclusion and point out which statement studied together will bring the conclusion.
Statements:
I. Price r...
