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Previous Year Questions

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Question :

Each of the questions below consists of a question and two statements numbered I and II given below it. You must decide whether the data provided in the statements is sufficient to answer the question.

Uma, and Prajakta started a restaurant. Then for how many months did Uma invested her money?

Statement I: Uma, and Prajakta started the restaurant with investment of Rs. 54000 and Rs. 36000, respectively and the profit earned by Uma is 75% of the profit earned by Prajakta.

Statement II: Uma, and Prajakta started the restaurant with investment in the ratio of 8: 7, and Uma, and Prajakta earned profit Rs. 90000 and Rs. 48000, respectively.

1. If 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. If the data either in statement I alone or in statement II alone is sufficient to answer the question.

3. If the data in both statements I and II together are necessary to answer the question.

4. If the data given in both statements I and II together are not sufficient to answer the question.

5. If 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.

Correct Answer : 4
Solution :

Let Uma's time period of investment be 'u' months and Prajakta's time period of investment be 'p' months.

From I:

Uma, and Prajakta started the business with investment of Rs. 54000 and Rs. 36000, respectively. The profit earned by Uma is 75% of the profit earned by Prajakta.

Ratio of their investment = 54000 * u: 36000 * p

=> 3u/2p = 75/100

=> u/p = 3/4 * 2/3

=> u/p = 1/2

From this data we cannot find the answer.

From II:

Uma, and Prajakta started the business with investment in the ratio of 8: 7 and they earned profit Rs. 90000 and Rs. 48000, respectively.

So, ratio of their investment = 8u : 7p

=> 8u/7p = 90000/48000

=> u/p = 105/64

From this data we cannot find the answer.

From I and II:

From statement I and II, we get same ratio of u and p.

So, both statement I and II together are not sufficient.

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