P, Q, and R entered into a partnership. After ten months, P and Q left the business. Find the total profit at the end of the year. Statement I: The co...

Banking RBI Grade B Prelims Medium Analogy MCQ

Question

P, Q, and R entered into a partnership. After ten months, P and Q left the business. Find the total profit at the end of the year.

Statement I: The combined profit share of P and R is 55% more than that of Q.

Statement II: The annual profit of R is Rs. 450 less than that of P, and the annual profit of Q is 80% of R.

Statement III: The total amount invested by R and Q are in the ratio 5:4 respectively.

Which of the following statements or combinations of statements are sufficient to find the total profit?

Either statement I & III or statement II & III together

None of the given statements can answer the question

Any two of the statements

Either statement I & II together or statement II & III together

partnershipdata sufficiencyprofit sharingratioreasoning