πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

    Question

    β€˜A’, β€˜B’ and β€˜C’ started a business by

    investing Rs. 4,000, Rs. 4,800 and Rs. 3,200, respectively. After 6 months, β€˜B’ decreased his investment by Rs. _____. If the annual profit received from the business is Rs. 2,19,240, then the profit share of β€˜C’ will be Rs. ______. The values given in which of the following options will fill the blanks in the same order in which it is given to make the statement true: I. 800, 60480 II. 1600, 62840 III. 2400, 65060
    A Only I follows Correct Answer Incorrect Answer
    B Only III and II follows Correct Answer Incorrect Answer
    C Only I and II follows Correct Answer Incorrect Answer
    D Only I and III follows Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    For I: Ratio of the profits received by β€˜A’, β€˜B’ and β€˜C’ = (4000 Γ— 12):{(4800 Γ— 6) + (4000 Γ— 6)}:(3200 Γ— 12) = 10:11:8 Therefore, profit share of β€˜C’ = 219240 Γ— (8/29) = Rs. 60,480 Therefore, I is true. For II: Ratio of the profits received by β€˜A’, β€˜B’ and β€˜C’ = (4000 Γ— 12):{(4800 Γ— 6) + (3200 Γ— 6)}:(3200 Γ— 12) = 5:5:4 Therefore, profit share of β€˜C’ = 219240 Γ— (4/14) = Rs. 62,840 Therefore, II is true. For III: Ratio of the profits received by β€˜A’, β€˜B’ and β€˜C’ = (4000 Γ— 12):{(4800 Γ— 6) + (2400 Γ— 6)}:(3200 Γ— 12) = 10:9:8 Therefore, profit share of β€˜C’ = 219240 Γ— (8/27) = Rs. 65,060 Therefore, III is false. Hence, Only I and II follows

    Practice Next
    More Partnership Questions

    Relevant for Exams:

    ask-question