How much profit did Rohit make in the Nitin, Rohit, and Kunal firm at the end of the year? I. Kunal invested Rs. 8000 for nine months, making four times the profit of Rohit and four times the investment of Nitin. II. Nitin and Rohit each put in a year's worth of money in a 1:2 ratio. III. At the end of the year, the three of them made a profit of Rs. 1000.
A. Only I and II
B. Only I and III
C. Question cannot be answered even with the information in all the three statements.
D. All I, II and III
Answer:D
How much profit did Rohit make in the Nitin, Rohit, and Kunal firm at the end of the year? I. Kunal invested Rs. 8000 for nine months, making four times the profit of Rohit and four times the investment of Nitin. II. Nitin and Rohit each put in a year's worth of money in a 1:2 ratio. III. At the end of the year, the three of them made a profit of Rs. 1000.
A. Only I and II B. Only I and III C. Question cannot be answered even with the information in all the three statements. D. All I, II and III
Explanation: I and II provide the following:For one month, K equals (8000 x 9) = Rs. 72000.For one month, N = 1/4 x 8000 x 12 = Rs. 24000.For one month, R equals Rs. 48000.72000 : 24000 : 48000 = 3 : 1 : 2. K : N : R = 72000 : 24000 : 48000 = 3 : 1 : 2..Total profit = Rs. 1000, according to III.Rohit's portion is Rs. 1000 divided by 2/6 = Rs. 333 1/3.