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Direction: Each question below is followed by two statements I and II. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answerWhat is Aniket's share in the profit?Statement I: Aniket invested Rs.5050 for 8 months and Bhanu invested 20% more than Aniket for 10 months. After an year, total profit earned is one fifth of Aniket's investment.Statement II: The ratio of their total investment time is 1 : 4.1. The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.2. The statement II alone is sufficient to answer the question but, statement I alone is not sufficient.3. Both the statements I and II together are needed to answer the question.4. Either statement I alone or statement II alone is sufficient to answer the question.5. Neither statement I nor statement II is sufficient to answer the question.

Answer» Correct Answer - Option 1 : The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.

Formula Used:

Profit = Investment × Time

From statement I 

Aniket's investment = Rs. 5050

Bhanu's investment = (120/100) × 5050

⇒ Bhanu's investment = Rs. 6060

Profit = Investment × Time

⇒ Aniket's profit = Rs. 5050 × 8

Bhanu's profit = Rs. 6060 × 10

Ratio of their profit shares = 5050 × 8 : 6060 × 10

⇒ Ratio of their profit shares = 2 : 3

Total profit = Rs. 5050/5 = Rs. 1010

Profit share of Aniket = Rs. (2/5) × 1010

⇒ Profit share of Aniket = Rs. 404

From statement II

The ratio of their total investment time is 1 : 4.

We cannot find profit of Aniket form here.

So, statement II is not sufficient to answer the question.

The statement I alone is sufficient to answer the question but, statement II alone is not sufficient.



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