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Q:

Jalal, Amit and Feroz enter into partnership. Jalal invests 4 times as much as Amit and Amit invests three-fourth of what Feroz invests. At the end of the financial year, the total profit earned is Rs. 19,000. Find the share for Jalal.

A) Rs. 15000	B) Rs. 12000
C) Rs. 13000	D) Rs. 10000

Answer & Explanation Answer: B) Rs. 12000

Explanation:

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Q:

A, B, C and D enter into partnership. A subscribes 1/3 of the capital B 1/4, C 1/5 and D the rest. How much share did A get in a profit of Rs.2490 ?

A) Rs. 820	B) Rs. 830
C) Rs. 840	D) Rs. 850

Answer & Explanation Answer: B) Rs. 830

Explanation:

Let the total amount in the partnership be 'x'.
Then A's share = x/3
B's share = x/4
C's share = x/5
D's share = x - (x/3 + x/4 +x/5) = 13x/60

A : B : C : D = x/3 : x/4 : x/5 : 13x/60 = 20 : 15 : 12 : 13

A's share in the profit of Rs. 2490 = 20 (2490/60) = Rs. 830.

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Q:

Ravi, Anand and Pranay are running a business firm in partnership. What is Anand's share in the profit earned by them?

a. Ravi, Anand and Pranay invested the amounts in the ratio of 2 : 4 : 7.

b. Pranay's share in the profit is Rs. 8750.

A) Only a is sufficient	B) Neither a nor b is sufficient
C) Only b is sufficient	D) Both a and b sufficient

Answer & Explanation Answer: D) Both a and b sufficient

Explanation:

Given Pranay's profit in the share is Rs. 8750

But given that their investments are in the ratio 2:4:7

$\frac{7}{13} \times P$ = 8750

P = 16250

Now Anand's share = $\frac{4}{13} \times 16250$ = Rs.5000

Thus both staements a and b are sufficient to answer this question.

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Q:

A and B enter into partnership. A supplies whole of the capital amounting to Rs. 45000 with the condition that the profits to be equally divided and that B pays A interest on half of the capital at 10% per annum, but receives Rs. 120 per month for carrying on the concern.Find their total yearly profit when B's income is one half of A's income.

Answer

Let the total profit be Rs. x

Amount paid to B as salary = (120 x 12)

= Rs.1440

Share of each = $\inline (\frac{x-1440}{2})$

Interest paid by B = $\inline \frac{22500\times 10}{100}=Rs.2250$

Total money received by A = $\inline \frac{x-1440}{2}+2250$

= Rs. $\inline (\frac{x+3060}{2})$

Total money received by B

$\inline [(\frac{x-1440}{2})+1440-2250]= (\frac{x-3060}{2})$

$\inline \Rightarrow \frac{1}{2}-(\frac{x+3060}{2})-(\frac{x-3060}{2})$

$\inline \Rightarrow x=9180$

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Subject: Partnership

Q:

A, B and C enter into a partnership. They invest Rs. 40,000, Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the first year, B withdraws Rs. 40,000, while at the end of the second year, C withdraws Rs. 80,000. In what ratio will the profit be shared at the end of 3 years ?

A) 2 : 3 : 5	B) 3 : 4 : 7
C) 5 : 6 : 4	D) 1 : 3 : 5

Answer & Explanation Answer: B) 3 : 4 : 7

Explanation:

A : B : C = (40000 x 36) : (80000 x 12 + 40000 x 24) : (120000 x 24 + 40000 x 12)

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