Exams › IBPS PO › General Awareness
A,B,C started partnership with Rs.(x-500), Rs.(x+700), and C's amount. Find x. Statement I: Ratio of A to C's investment = 5:9. Statement II: Total profit = 80% more than x; C's profit share = Rs.(x-1400).
- The data in statement I alone is sufficient to answer, while the data in statement II alone is not sufficient to answer the question.
- The data in statement II alone is sufficient to answer, while the data in statement I alone is not sufficient to answer the question.
- The data either in statement I alone or in statement II alone are sufficient to answer the question.
- The data given in both statements I and II together are not sufficient to answer the question.
Correct answer: The data either in statement I alone or in statement II alone are sufficient to answer the question.
Solution
Statement I: A:C=5:9=(x-500):C → C=9(x-500)/5. With A,B,C all expressed in terms of x, total can be found and x determined uniquely. Statement II: profit=1.8x, C's profit share=(x-1400) allows setting up ratio equation. Both statements independently give x. Hence either alone is sufficient.
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