Ravi, Gagan and Nitin are running a business firm in partnership. What is Gagan’s share in the profit earned by them? (M.B.A., 2002) I. Ravi, Gagan and Nitin invested the amounts in the ratio of 2 : 4 : 7. II. Nitin’s share in the profit is ` 8750.
Answer
SELF-PRACTICE — the source book printed no answer.
Nothing is invented here, so this question has no answer on record.
Explanation
Let us name Ravi, Gagan and Nitin by R, G and N respectively. I. $R:G:N=2:4:7$. II. $N=8750$. From I and II, we get: when $N=7$, then $G=4$; when $N=8750$, then $G=\left(\frac{4}{7}\times8750\right)=5000$. Thus, both I and II are needed to get the answer. $\therefore$ Correct answer is (e).
Explanation as extracted from the printed page; notation may be imperfect.