JIPMATArithmetic > MediumBoth Statement I and Statement II are trueBoth Statement I and Statement II are falseStatement I is true but Statement II is falseStatement I is false but Statement II is true✅ Correct Option: 2Related questions:JIPMAT 2022P, Q, and R invested Rs. 25,000, Rs. 50,000, and Rs. 25,000 respectively to start a business. At the end of two years, they earned a profit of Rs. 48,000. What will be Q's share?JIPMAT 2023Sonali buys 2 Pen Drives A and B, and their cost price is in the ratio of 5:6 respectively. If she sells them at a 10% profit each, she earns a total profit of ₹22. What will be her total profit, if she sells Pen Drive A at a 20% loss and Pen Drive B at a 30% profit?JIPMAT 2021A is working, and B a sleeping partner in a business. A puts in Rs.12000 and B Rs. 20000. A receives 10% of the profit for managing, the rest being divided in proportion to their capitals. Out of a total profit of Rs. 9600, the money received by A will be