What is R’s share of profit in a joint venture? I. Q started business investing ` 80000. II. R joined him after 3 months. III. P joined after 4 months with a capital of ` 120000 and got ` 6000 as his share of 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
(e)None of these
Answer
Answer (as printed): D
Explanation
From I, II and III, we get $P:Q:R=(120000\times8):(80000\times12):(x\times9)$. Since R's investment is not given, the above ratio cannot be determined. $\therefore$ Given data is inadequate. $\therefore$ Correct answer is (d).
Explanation as extracted from the printed page; notation may be imperfect.