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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.
Shivam and Deepak invested in a partnership business in the ratio of 4:5. Find the profit share of Shivam.
(I) Shivam invested Rs.12000 and period of investment of Shivam and Deepak is 10 months and 4 months respectively.
(II) Ratio of period of investment of Shivam andre Deepak is 5 : 2 and Deepaks profit share is Rs.12000 less than Shivam's profit share.

A

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

B

Statement (II) alore 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 Shivam's profit share in the partnership business with Deepak, we need to analyze the two statements provided and see if they are sufficient to answer the question. ### Step 1: Understand the Investment Ratio Shivam and Deepak invested in a partnership business in the ratio of 4:5. This means that if Shivam's investment is represented as 4X, then Deepak's investment is represented as 5X. ### Step 2: Analyze Statement (I) **Statement (I):** Shivam invested Rs. 12000 and the period of investment of Shivam and Deepak is 10 months and 4 months respectively. From this statement: - We know Shivam's investment (4X) is Rs. 12000. - Therefore, we can find the value of X: \[ 4X = 12000 \implies X = \frac{12000}{4} = 3000 \] - Deepak's investment (5X) can be calculated as: \[ 5X = 5 \times 3000 = 15000 \] - Now, we calculate the total investment made by both: - Shivam's total investment over 10 months: \[ 12000 \times 10 = 120000 \] - Deepak's total investment over 4 months: \[ 15000 \times 4 = 60000 \] - The total investment is Rs. 180000. ### Step 3: Calculate the Profit Share Ratio The profit share is directly proportional to the investment amount. We can find the ratio of their investments: - Shivam's investment = Rs. 120000 - Deepak's investment = Rs. 60000 The ratio of their investments is: \[ \text{Shivam : Deepak} = 120000 : 60000 = 2 : 1 \] However, we still do not know the total profit amount, which is necessary to calculate Shivam's exact profit share. Therefore, **Statement (I) alone is not sufficient** to answer the question. ### Step 4: Analyze Statement (II) **Statement (II):** The ratio of the period of investment of Shivam and Deepak is 5:2, and Deepak's profit share is Rs. 12000 less than Shivam's profit share. From this statement: - The ratio of the time of investment is given as 5:2, which can be used to determine the effective investment ratio. - If we assume the investments are proportional to the time, we can express their effective investments as: - Shivam's effective investment = 4 * 5 = 20 - Deepak's effective investment = 5 * 2 = 10 - The ratio of their effective investments is: \[ \text{Shivam : Deepak} = 20 : 10 = 2 : 1 \] - The statement also tells us that Deepak's profit share is Rs. 12000 less than Shivam's profit share. Let Shivam's profit share be S and Deepak's profit share be D: \[ D = S - 12000 \] Given the ratio of their profit shares is 2:1, we can express this as: \[ \frac{S}{D} = \frac{2}{1} \] Substituting D from the previous equation: \[ \frac{S}{S - 12000} = \frac{2}{1} \] Cross-multiplying gives: \[ S = 2(S - 12000) \] Expanding and solving for S: \[ S = 2S - 24000 \] \[ 24000 = S \] Thus, Shivam's profit share is Rs. 24000. ### Conclusion From Statement (II) alone, we can determine Shivam's profit share. Therefore, **Statement (II) is sufficient** to answer the question. ### Final Answer - Statement (I) alone is not sufficient. - Statement (II) alone is sufficient. The correct option is that **Statement (II) alone is sufficient to answer the question.**
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