Bissoy.com
Doctors Medicines MCQs Q&A

A, B, and C are partners. A invested Rs. 20,000 in business for 't' months. B invested Rs. 30,000 for 4 months less than the period invested by A and C invested Rs. 60,000 for 2 months less than the period invested by B. Their profit sharing ratio is 2 : 2 : 3. Find the number of months for which each partner has invested in the business respectively.

A, B, and C are partners. A invested Rs. 20,000 in business for 't' months. B invested Rs. 30,000 for 4 months less than the period invested by A and C invested Rs. 60,000 for 2 months less than the period invested by B. Their profit sharing ratio is 2 : 2 : 3. Find the number of months for which each partner has invested in the business respectively. Correct Answer 12; 8 and 6 months

Given:

Amounted invested by A = Rs. 20,000

Amount invested by B = Rs. 30,000

Amount invested by C = Rs. 60,000

Calculation:

20,000(t) : 30,000(t – 4) : 60,000(t – 4 – 2) = 2 : 2 : 3

⇒ = 2 / 2

⇒ = 1

⇒ 2t = 3t – 12

t = 12 months

B invested for 8 months

C invested for 6 months

Related Questions

A, B, and C are partners. A invested Rs. 4,50,000 in business for 't' months. B invested Rs. 2,00,000 for 5 months less than the period invested by A and C invested Rs. 6,00,000 for 3 months less than the period invested by B. Their profit sharing ratio is 27 : 7 : 12. Find the number of months for which each partner has invested in the business respectively.
The profit – sharing ratio of two partners is 2 : 3 if another partner is added with 40% of the profit – sharing ratio and the profit – sharing ratio of the initial two partners remains the same. Find the new profit – sharing ratio.
Which of the following are correct regarding rights of partners?
1. A partner has the right to allow the admission of a new partner.
2. Every partner has a right to take part in the management of business.
3. Every partner has a joint ownership of partnership property.
4. Every partner has a right to share the profit not the losses with other partners.
5. Every partner has a right to inspect the books of account and have a copy of the same.
6. In case of emergency, a partner has a right to act as a man of prudence.
Select the correct answer:
In the company, there are two types of partner i.e working and sleeping partners. The commission paid by the company to their each working partner is 10 % of the total profit. There are two working partners who are paid Rs. 20000 each. The remaining profit is shared equally among the four partners. Find the amount paid to each sleeping partner in the business.
Three friends A, B and C started a business with 70000, 50000 and 60000 respectively. A withdrew 30000 after 7 months, B deposited 30000 after 9 months and C doubled his amount after a few months. Another friend, D invested 90000 two months before C doubled his amount. If the ratio of shares of C and D after one year is 7 : 3,if A earned 690 rupees in a year, what is the total profit that they earned after a year?
The table shows the annual expenses on various heads made by a firm during 2014 - 2018. What is the average expenditure per head of 2016? Year Particulars Raw Materials Wages Administration Delivery Finance 2014 50000 15000 40000 20000 20000 2015 90000 20000 40000 25000 25000 2016 45000 22500 47500 25000 25000 2017 60000 20000 40000 25000 40000 2018 7500 25000 50000 30000 45000
দুইজন অংশীদারের মুনাফা বন্টন অনুপাত ২:১। তৃতীয়জনকে ১/৫ অংশ মুনাফা বণ্টনের চুক্তিতে তারা ব্যবসায়ের নতুন অংশীদার হিসেবে গ্রহণ করলে মুনাফা বণ্টনের নতুন অনুপাত কত? (The profit sharing ratio of two partners is 2:1. What is the new profit sharing ration of partnership business if they accept another partner with an agreed profit sharing ration of 1/5 of total business profit?)
A, B and C started a business by investing Rs. 20000, Rs. 30000 and Rs. 10000 respectively. After 4 months, A and B invested Rs. 10000 each, while C invested Rs. 30000. What is the ratio of their profit shares at the end of the year?
P, Q and R started a business. P invested Rs. 40000 for the whole year. Q invested Rs. 60000 initially and increased it by Rs. 20000 after 4 months. R invested Rs. 80000 initially but withdrew Rs. 20000 at the end of 9 months. At the end of the year, the total profit earned is Rs. 22600. Find the share of Q.
A and b were partners in a firm. A invested 12000 on the first day of the business and b invested 30000 after 6 months of the commencement of the business. If a retired after 8 months of the commencement of the business, find the profit – sharing ratio of a to b after a year.