In a joint venture, what is R's profit share? I. Q began his firm with an investment of Rs. 80,000. II.After three months, R joined him. III. P joined with a capital of Rs. 1,20,000 after 4 months and received Rs. 6000 as a share profit.
A. All I, II and III
B. I and III only
C. II and III only
D. Even with all I, II and III, the answer cannot be arrived at
Answer:D
In a joint venture, what is R's profit share? I. Q began his firm with an investment of Rs. 80,000. II.After three months, R joined him. III. P joined with a capital of Rs. 1,20,000 after 4 months and received Rs. 6000 as a share profit.
A. All I, II and III B. I and III only C. II and III only D. Even with all I, II and III, the answer cannot be arrived at
Explanation: P : Q : R = (120000 x 8) : (80000 x 12) : P : Q : R = (120000 x 8) : (80000 x 12) : (x x 9).Because R's investment isn't known, the aforementioned ratio can't be calculated.The information provided is insufficient.