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The following questions are accompanied ...

The following questions are accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/ necessary to answer the questions.
Find profit share of C at the end of the year.
I. A,B & C invested in a partnership business in the ratio 12:11:18 for 1 year. Difference between profit share of A & C at the end of the year is Rs7800.
II C, D&F invested in a partnership business in the ratio 54:8:2 and period of investment of C, D & F is 6 months, 4 months & 12 months. Profit share of F at the end of the year is Rs.18720.

A

Statement (I) alone is sufficient to answer the question but statement (II) alone is not sufficient to answer the question

B

Statement (II) alone is sufficient to answer the question but statement (I) alone is not sufficient to answer the question.

C

Both the statements taken together are necessary to answer the question, but neither of the statements alone is sufficient to answer the question.

D

Either statement (I) or statement (II) by itself is sufficient to answer the question.

Text Solution

AI Generated Solution

The correct Answer is:
To determine the profit share of C at the end of the year, we will analyze the two statements provided and see if either or both are sufficient to answer the question. ### Step 1: Analyze Statement I Statement I states that A, B, and C invested in a partnership business in the ratio 12:11:18 for 1 year. The difference between the profit share of A and C at the end of the year is Rs. 7800. 1. **Calculate the profit share ratio**: - The profit share ratio of A, B, and C is 12:11:18. - Let the total profit be represented in terms of units: A's share = 12x, B's share = 11x, C's share = 18x. 2. **Find the difference between A's and C's profit shares**: - The difference between A's and C's profit shares is given as: \[ C's \, share - A's \, share = 18x - 12x = 6x \] - According to the statement, this difference equals Rs. 7800: \[ 6x = 7800 \] - Solving for x: \[ x = \frac{7800}{6} = 1300 \] 3. **Calculate C's profit share**: - Now, substituting x back to find C's share: \[ C's \, share = 18x = 18 \times 1300 = 23400 \] Thus, from Statement I, we can determine that C's profit share is Rs. 23,400. ### Step 2: Analyze Statement II Statement II states that C, D, and F invested in a partnership business in the ratio 54:8:2, with investment periods of 6 months, 4 months, and 12 months respectively. The profit share of F at the end of the year is Rs. 18720. 1. **Calculate the effective investment for each partner**: - The effective investment can be calculated as: - C's effective investment = 54 * 6 = 324 - D's effective investment = 8 * 4 = 32 - F's effective investment = 2 * 12 = 24 2. **Find the total effective investment**: - Total effective investment = 324 + 32 + 24 = 380. 3. **Calculate the profit share ratio**: - The profit share ratio based on effective investments is: - C's share = 324 - D's share = 32 - F's share = 24 - The ratio is 324:32:24. 4. **Find the profit share of F**: - Given that F's profit share is Rs. 18720, we can find the value of one unit: \[ F's \, share = 24y = 18720 \implies y = \frac{18720}{24} = 780 \] 5. **Calculate C's profit share**: - Now substituting y back to find C's share: \[ C's \, share = 324y = 324 \times 780 = 252720 \] Thus, from Statement II, we can determine that C's profit share is Rs. 252,720. ### Conclusion Both statements I and II provide sufficient information to determine the profit share of C, but they yield different results. Therefore, we conclude that: **Either statement I or statement II by itself is sufficient to answer the question.** ### Final Answer The answer is **Option D: Either statement I or statement II by itself is sufficient to answer the question.**
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