Start practising
Practice mode Partnership

A starts a business with Rs. 80,000. B joins after 3 months with Rs. 60,000 and C joins 3 months after B with Rs. 1,00,000. Out of a year-end profit of Rs. 63,000, what is C’s share?

Correct answer A. Rs. 18,000

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

More Partnership questions

See all
Question 01 Partnership

What is R’s share of profit in a joit venture? I.Q started business investing Rs. 80,000. II. R joined him after 3 months. III. P joined after 4 months with a capital of Rs. 1,20,000 and got Rs. 6000 as his share profit.

Correct answer D. Even with all I, II and III, the answer cannot be arrived at

Open question
Question 02 Partnership

How much did Rohit get as profit at the year-end in the business done by Nitin, Rohit and Kunal? I.Kunal invested Rs. 8000 for nine months, his profit was times that of Rohit’s and his investment was four times that of Nitin.II.Nitin and Rohit invested for one year in the proportion 1: 2 respectively.III.The three together got Rs. 1000 as profit at the year end.

Correct answer D. All I, II and III

Open question
Advertisement
Question 03 Partnership

Rahul, Anurag and Vivek started a business together. In what proportion would the annual profit be distributed among them? I. Rahul got one-fourth of the profit.II.Rahul and Vivek contributed 75% of the total investment.

Correct answer B. II alone sufficient while I alone not sufficient to answer

Open question

Discussion

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.