📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    N initiates a business, and after 3 months, D also

    becomes a part of the business. The initial investment of N and D is in the ratio of 3:2, respectively. N and D receive Rs. _____ and Rs. _____, respectively, as profit after completing one year of the company. Which of the following options fills the two blanks in the question correctly? I. Rs.2814, Rs.1407 II. Rs.1758, Rs.879 III. Rs.2356, Rs.1146
    A Only II Correct Answer Incorrect Answer
    B Only I and II Correct Answer Incorrect Answer
    C Only I and III Correct Answer Incorrect Answer
    D Only I Correct Answer Incorrect Answer
    E Only II and III Correct Answer Incorrect Answer

    Solution

    ATQ, The ratio of profit share of N and D is N: D = 3 × 12: 2 × (12 – 3) = 2: 1  From I: The profit ratio of N and D = 2814: 1407 = 2: 1 This satisfies the given condition. From II: The profit ratio of N and D = 1758: 879 = 2: 1 This satisfies the given condition. From III: The profit ratio of N and D = 2356: 1146 This does not satisfy the given condition.

    Practice Next
    More Partnership Questions

    Relevant for Exams:

    ask-question