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Ravi, Anand and Pranay are running a business firm in partnership. What is Anand's share in the profit earned by them? a. Ravi, Anand and Pranay invested the amounts in the ratio of 2 : 4 : 7. b. Pranay's share in the profit is Rs. 8750.

Only a is sufficient
Neither a nor b is sufficient
Only b is sufficient
Both a and b sufficient

Correct Answer: Both a and b sufficient

Explanation:

Given Pranay's profit in the share is Rs. 8750

But given that their investments are in the ratio 2:4:7

$\frac{7}{13} \times P$ = 8750

P = 16250

Now Anand's share = $\frac{4}{13} \times 16250$ = Rs.5000

Thus both staements a and b are sufficient to answer this question.

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