Defence Exam > Defence Questions > A and B enter into a partnership investing Rs...
Start Learning for Free
A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :
- a)Rs 24,000
- b)Rs 30,000
- c)Rs 36,000
- d)Rs 37,000
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
A and B enter into a partnership investing Rs 48,000 and Rs 60,000 res...
Most Upvoted Answer
A and B enter into a partnership investing Rs 48,000 and Rs 60,000 res...
Given information:
- A invests Rs 48,000
- B invests Rs 60,000
- A withdraws Rs 8,000 after 3 months
- B invests Rs 6,000 more after 6 months
- A gets Rs 12,000 as his share at the end of the year
To find:
- Total profit
Step-by-step solution:
1. Calculate the ratio of their investments based on the time for which they were invested.
- A's investment for the year = Rs 48,000 × 12 months = Rs 5,76,000
- B's investment for the year = Rs 60,000 × 12 months = Rs 7,20,000
2. Calculate the total capital after A withdraws Rs 8,000 and B invests an additional Rs 6,000.
- A's capital after withdrawal = Rs 48,000 - Rs 8,000 = Rs 40,000
- B's capital after investment = Rs 60,000 + Rs 6,000 = Rs 66,000
3. Calculate the ratio of their capital for the year.
- A's capital for the year = Rs 40,000 × 12 months = Rs 4,80,000
- B's capital for the year = Rs 66,000 × 9 months (since B's additional investment was made after 6 months) = Rs 5,94,000
4. Calculate the ratio of their profit sharing.
- A's share of profit = Rs 12,000
- B's share of profit = Total profit - A's share of profit
5. Calculate the total profit.
- Total profit = A's share of profit / (A's share of profit ratio) = Rs 12,000 / (Rs 4,80,000 / Rs 5,94,000) = Rs 30,000
Therefore, the total profit is Rs 30,000. Option B is the correct answer.
- A invests Rs 48,000
- B invests Rs 60,000
- A withdraws Rs 8,000 after 3 months
- B invests Rs 6,000 more after 6 months
- A gets Rs 12,000 as his share at the end of the year
To find:
- Total profit
Step-by-step solution:
1. Calculate the ratio of their investments based on the time for which they were invested.
- A's investment for the year = Rs 48,000 × 12 months = Rs 5,76,000
- B's investment for the year = Rs 60,000 × 12 months = Rs 7,20,000
2. Calculate the total capital after A withdraws Rs 8,000 and B invests an additional Rs 6,000.
- A's capital after withdrawal = Rs 48,000 - Rs 8,000 = Rs 40,000
- B's capital after investment = Rs 60,000 + Rs 6,000 = Rs 66,000
3. Calculate the ratio of their capital for the year.
- A's capital for the year = Rs 40,000 × 12 months = Rs 4,80,000
- B's capital for the year = Rs 66,000 × 9 months (since B's additional investment was made after 6 months) = Rs 5,94,000
4. Calculate the ratio of their profit sharing.
- A's share of profit = Rs 12,000
- B's share of profit = Total profit - A's share of profit
5. Calculate the total profit.
- Total profit = A's share of profit / (A's share of profit ratio) = Rs 12,000 / (Rs 4,80,000 / Rs 5,94,000) = Rs 30,000
Therefore, the total profit is Rs 30,000. Option B is the correct answer.
|
Explore Courses for Defence exam
|
|
Similar Defence Doubts
A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer?
Question Description
A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer?.
A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer?.
Solutions for A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Defence.
Download more important topics, notes, lectures and mock test series for Defence Exam by signing up for free.
Here you can find the meaning of A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A and B enter into a partnership investing Rs 48,000 and Rs 60,000 respectively. After 3 months, A withdraws Rs 8,000 while B invests Rs 6,000 more after 6 months of starting of business. Out of the total amount of profit, if A gets Rs 12,000 as his share at the end of the year, then the total profit is :a)Rs 24,000b)Rs 30,000c)Rs 36,000d)Rs 37,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Defence tests.
|
|
Explore Courses for Defence exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup