Direction: The following question is accompanied by two statements (I) and (II). You have to determine which statements(s) is/are sufficient/necessary to answer the questions.
Tom, Jerry, and BOB started a partnership by investing money in the ratio of 3 ∶ 6 ∶ 8 respectively for 2 years. What is the amount received by Jerry as his share profit?
I. The average amount of profit earned by Tom, Jerry, and BOB is 17,000.
II. The average investment by all three is 34,000 and profit earned at the end of 2 years is 1/2 of total investment.1
The statement I alone is sufficient to answer the question, but the statement II alone is not sufficient.
2
The statement II alone is sufficient to answer the question, but the statement I alone is not sufficient.
3
Both the statements I and II together are needed to answer the question.
4
Either statement I alone or statement II alone is sufficient to answer the question.
5
Neither statement I nor statement II is sufficient to answer the question.