AP ICET 2016 Paper

Question : 18 of 200

Marks: +1, -0

A and B start a business jointly. What is A’s share out of an annual profit of ₹23,800?
I. A’s investment is ₹ 1,20,000
II. B’s investment is

12{1/2}

% more than A’s investment.

if the statement 1 alone is sufficient to answer the question.
if the statement II alone is sufficient to answer the question.
if both the statements I and II are sufficient to answer the question but neither statement alone is sufficient.
if both the statements I and II together are not sufficient to answer the question and additional data is required.

Validate

Solution:

Given : Total annual profit = Rs. 1,20,000
I. It gives no information on comparative investment of B.
∴ I alone is not sufficient.
II. Given : B’s investment =

12{1/2}%

more than A’s investment

⇒{\text"B's investment"\;}/{\text"A's investment"\;}={100+12{1}/{2}}/{100}={225}/{200}={9}/{8}

Since the ratio of their investments is given, the total profit is shared in the same ratio and hence, A’s share in profit can be determined.
e.g A’s share in profit

=8/{9+8}×\Rs.1,20,000

∴ II alone is sufficient.

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