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Riya and sima invested in a partnership business. Riya invests Rs. 70,000 for 8months and sima invests Rs. 84,000 for 10 months. Out of a profit of Rs. 63140, Riya’s share is:
- a)Rs 25000
- b)Rs 25256
- c)Rs 24500
- d)Rs 25270
- e)None of these
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Riya and sima invested in a partnership business. Riya invests Rs. 70,...
Ratio of their shares = (70000 x 8) : (84000 x 10) = 2 : 3.
Reena’s share = Rs.63140 x 2/5 = Rs. 25256
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Riya and sima invested in a partnership business. Riya invests Rs. 70,...
Answer – B (Rs. 25256) Explanation – Ratio of their shares = (70000 x 8) : (84000 x 10) = 2 : 3.
Reena’s share = Rs.63140 x 2/5 = Rs. 25256
Reena’s share = Rs.63140 x 2/5 = Rs. 25256
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Riya and sima invested in a partnership business. Riya invests Rs. 70,...
Will receive:
Riya's share of profit = (70,000 x 8)/12 = Rs. 46,667
Sima's share of profit = (84,000 x 10)/12 = Rs. 70,000
Total share of profit = Rs. 46,667 + Rs. 70,000 = Rs. 1,16,667
Percentage share of profit for Riya = (46,667/1,16,667) x 100 = 40%
Riya's share of profit = 40% of Rs. 63,140 = Rs. 25,256
Therefore, Riya will receive Rs. 25,256 as her share of profit in the partnership business.
Riya's share of profit = (70,000 x 8)/12 = Rs. 46,667
Sima's share of profit = (84,000 x 10)/12 = Rs. 70,000
Total share of profit = Rs. 46,667 + Rs. 70,000 = Rs. 1,16,667
Percentage share of profit for Riya = (46,667/1,16,667) x 100 = 40%
Riya's share of profit = 40% of Rs. 63,140 = Rs. 25,256
Therefore, Riya will receive Rs. 25,256 as her share of profit in the partnership business.
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Riya and sima invested in a partnership business. Riya invests Rs. 70,000 for 8months and sima invests Rs. 84,000 for 10 months. Out of a profit of Rs. 63140, Riya’s share is:a)Rs 25000b)Rs 25256c)Rs 24500d)Rs 25270e)None of theseCorrect answer is option 'B'. Can you explain this answer?
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Riya and sima invested in a partnership business. Riya invests Rs. 70,000 for 8months and sima invests Rs. 84,000 for 10 months. Out of a profit of Rs. 63140, Riya’s share is:a)Rs 25000b)Rs 25256c)Rs 24500d)Rs 25270e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Riya and sima invested in a partnership business. Riya invests Rs. 70,000 for 8months and sima invests Rs. 84,000 for 10 months. Out of a profit of Rs. 63140, Riya’s share is:a)Rs 25000b)Rs 25256c)Rs 24500d)Rs 25270e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Riya and sima invested in a partnership business. Riya invests Rs. 70,000 for 8months and sima invests Rs. 84,000 for 10 months. Out of a profit of Rs. 63140, Riya’s share is:a)Rs 25000b)Rs 25256c)Rs 24500d)Rs 25270e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
Riya and sima invested in a partnership business. Riya invests Rs. 70,000 for 8months and sima invests Rs. 84,000 for 10 months. Out of a profit of Rs. 63140, Riya’s share is:a)Rs 25000b)Rs 25256c)Rs 24500d)Rs 25270e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Riya and sima invested in a partnership business. Riya invests Rs. 70,000 for 8months and sima invests Rs. 84,000 for 10 months. Out of a profit of Rs. 63140, Riya’s share is:a)Rs 25000b)Rs 25256c)Rs 24500d)Rs 25270e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Riya and sima invested in a partnership business. Riya invests Rs. 70,000 for 8months and sima invests Rs. 84,000 for 10 months. Out of a profit of Rs. 63140, Riya’s share is:a)Rs 25000b)Rs 25256c)Rs 24500d)Rs 25270e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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