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What is the difference in the shares of profit between P and Q in a joint business at the end of one year ? a. P Invested Rs. 80,000 and withdrew Rs. 20,000 after 6 months. b. Q joined four months after the start of business. c. Q's amount was 80% of P's amount during the last six months.

Only a
Only c
Both a & b
Data is not sufficient

Correct Answer: Data is not sufficient

Explanation:

a. P's investment = (80000 x 6 + 60000 x 6) = 840000 for 1 month.

b & c. Q's investment = 80% of Rs. 60000 for 8 months.

= Rs.(48000 x 8) for 1 month = 384000 for 1 month

P : Q = 840000 : 384000 = 35 : 16.

But, the total profit is not given, so data is inadequate.

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