Exams › IBPS PO › General Awareness
P, Q and R entered into a partnership by investing a certain amount for 12 months, T months and \(12-T\) months respectively. Find the value of \(T\). Statement I: Q invested 50% more than P, and R invested twice the amount of Q. Statement II: At the end of the partnership, the total profit earned by them is Rs. 700 and the profit share of Q is Rs. 100. Statement III: Profit shares of P and R are in the ratio 1:2.
- Only I and II
- Only I and III
- Only II and III
- Either I and II or I and III
Correct answer: Either I and II or I and III
Solution
In partnership problems, profit shares are proportional to capital × time. Statement I fixes the capital ratio, while Statement II or III provides enough additional information to determine the time ratio and hence T. Therefore, either I and II or I and III is sufficient.
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