DIRECTIONS: Each of the questions given below consists of 2 statements, number I and II respectively. Please read the questions carefully and decide which of the statement (s) is / are necessary to answer the questions.
Three persons(X, Y and Z) entered into a partnership business. Find the profit share of each partner
Statement I: total Profit is Rs. 1, 60,000 and ratio of share of profit is 12 : 3 : 1
Statement II: X’s investment is 4 times the investment of Y’s.
1
The data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question.
2
The data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question.
3
Either statement I or statement II alone is sufficient to answer the question.
4
The data in both the statements I and II is not sufficient to answer the questions.
5
The data in both the statement I and II together is necessary to answer.