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

    One Click Can Change Your Exam Journey—Do It Before It Ends! ⏰

    Question

    Three partners, X, Y, and Z, invest Rs 24,000, Rs

    30,000, and Rs 36,000 respectively in a business. The total profit after one year is Rs 48,000. If partner X takes 15% of the profit for managing the operations, how much will each partner receive?
    A 13,800, 12,000, 15,000 Correct Answer Incorrect Answer
    B 10,200, 16,000, 21,800 Correct Answer Incorrect Answer
    C 14,200, 10,000, 15,500 Correct Answer Incorrect Answer
    D 11,800, 13,000, 16,000 Correct Answer Incorrect Answer
    E None Correct Answer Incorrect Answer

    Solution

    Total profit = Rs 48,000 Amount X takes as a managing partner = 15% of 48,000 = 7,200 Remaining profit = 48,000 - 7,200 = 40,800 The remaining profit is divided based on their capital ratio: X:Y:Z = 24,000:30,000:36,000 = 4:5:6 X’s share of the remaining profit = (4/15) × 40,800 = 10,880 Y’s share of the remaining profit = (5/15) × 40,800 = 13,600 Z’s share of the remaining profit = (6/15) × 40,800 = 16,320 Total received by X = 7,200 + 10,880 = 18,080 Total received by Y = 13,600 Total received by Z = 16,320 Answer: e. None

    Practice Next
    More Partnership Questions

    Relevant for Exams:

    ask-question