Bissoy.com
Doctors Medicines MCQs Q&A

P, Q and R have a partnership firm. P’s profit share is 2/3rd of the Q’s profit share and R’s share is 1/2 of the Q’s share. If total revenue is Rs. 43296 and total expense is Rs. 9899, then what will be the profit share of R?

P, Q and R have a partnership firm. P’s profit share is 2/3rd of the Q’s profit share and R’s share is 1/2 of the Q’s share. If total revenue is Rs. 43296 and total expense is Rs. 9899, then what will be the profit share of R? Correct Answer Rs. 7707

Net Profit = Total Revenue – Total Expense = Rs. 43296 – Rs. 9899 = Rs. 33397

Let, the profit share of Q is Rs. x.

→ P’s profit share = Rs. 2x/3

→ R’s profit share = Rs. x/2

Thus we have,

Net Profit = P’s profit share + Q’s profit share + R’s profit share

33397 = 2x/3 + x + x/2

33397 = (4x + 6x + 3x)/6

33397 = 13x/6

x = (33397 × 6)/13

= 15414

R’s share = 15414/2 = 7707

Hence, Rs. 7707 is the correct answer.

Related Questions

3 partners – A, B and C have opened a partnership firm and mutually decided a profit share of each partners. They have decided that A’s profit share is twice of the B’s profit share and C’s share is 1/3rd of the B’s share. If total revenue is Rs. 2,26,129 and total expense is Rs. 1,13,069, then what will be the profit share of B?
Aman's expense is 30% more than Vimal's expense and Vimal's expense is 10% less than Raman's expense. If the sum of their expenses is Rs. 6447, then what would be the Aman's expense?
In the following question, an idiom is given. It is then followed by three sentences which may or may not accurately represent the meaning of the idiom. Choose the best set of alternatives from the five options given below of the sentences which embody the meaning of the given idiom perfectly. Spare no expense  A. He is a person who spares no expense,  even to help strangers, because he always comes to the help of the old and the children in difficulties. B. We had made a point of spare no expense by declaring that we were not going to sign the agreement. C. When Ishika goes on a vacation, she spares no expense.
Marginal cost is equal to marginal revenue, average cost is equal to average revenue, average revenue is equal to marginal revenue and average cost is equal to marginal cost. This is the condition of
1. long period equilibrium for a firm under monopoly
2. short period equilibrium for a firm under oligopoly
3. long period equilibrium
4. long period equilibrium for a firm under perfect competitions
Select the correct answer
The marginal cost is equal is to marginal revenue, the average cost is equal to average revenue, average revenue is equal to marginal revenue, and the average cost is equal to marginal cost. This is the condition of
1. Long-period equilibrium for a firm under monopoly.
2. Short-period equilibrium for a firm under oligopoly.
3. Long-period equilibrium
4. Long-period equilibrium for a firm under perfect competition.
A suit of a partnership firm to enforce any type of rights of the partnership firm is not maintainable unless the partnership firm is registered under Section 69 of the Partnership Act before the filing of the suit.
The Propositions are:
(1) Where a partner of a professional business partnership borrows money in the usual and regular course of business stating that the money is to be used for partnership business but misappropriates it, the other partners shall be liable.
(2) Where money has been borrowed by a partner without authority, but has been applied to the legitimate business needs of the firm, the firm is liable.
(3) Where the act is within the scope of the implied authority of a partner, but it has been done by him, to the knowledge of the third party, not for the firm but for his own purposes, the firm is liable.
Which of the following is true in accordance with Indian Partnership Act, 1932 as to the aforesaid propositions?
A', 'B' and 'C' are partners in a partnership firm named A, B & C. 'A' retires from the firm without giving any public notice. Thereafter, an existing creditor lends Rs. ten lakh to the firm on the basis of his knowledge that 'A', 'B' and 'C' are the three partners in the firm. This amount remains unpaid by the firm. The creditor wants to recover the unpaid loan amount from the firm.
Due to the recession, a show room reported that revenue from luxury car sales were down by 11% and revenue from economy car sales were up by 7% . If the total revenue were up by 1% then what is the ratio of revenue from luxury car sales to revenue from economy car sales ?
In a series of 25 numbers, 25th number is twice the 23rd number and 24th number is fifteen more than 23rd number. Average of all the numbers is 49. The average of the first twelve numbers is 45 and the average of next 10 numbers is 53. If 23rd number, 24th number, and 25th number are p, q, and r respectively then which of the following is/are NOT correct? I. p + q + r = 155 II. p : q = 10 : 7 III. q : r = 5 : 7