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 A, B and C are partners sharing profits and losses in the ratio 9:4:3. They took joint life policy of Rs. 25,000 for A, Rs. 20,000 for B and Rs. 51,000 for C. what is the share of C in the JLP amount?
  • a)
    Rs. 18,000
  • b)
    Rs. 25,000
  • c)
    Rs. 51,000
  • d)
    Rs. 20,000
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A, B and C are partners sharing profits and losses in the ratio 9:4:3....
Given, A:B:C = 9:4:3 and the joint life policy amounts are Rs. 25,000, Rs. 20,000 and Rs. 51,000 respectively.

To find the share of C in the JLP amount, we need to calculate the total JLP amount and then find the share of C in it.

Total JLP amount = Rs. 25,000 + Rs. 20,000 + Rs. 51,000 = Rs. 96,000

Now, we need to find the share of each partner in the JLP amount based on their profit sharing ratio.

Share of A = (9/16) x Rs. 96,000 = Rs. 54,000
Share of B = (4/16) x Rs. 96,000 = Rs. 24,000
Share of C = (3/16) x Rs. 96,000 = Rs. 18,000

Therefore, the share of C in the JLP amount is Rs. 18,000. Hence, option C is the correct answer.
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A, B and C are partners sharing profits and losses in the ratio 9:4:3....
C
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A, B and C are partners sharing profits and losses in the ratio 9:4:3. They took joint life policy of Rs. 25,000 for A, Rs. 20,000 for B and Rs. 51,000 for C. what is the share of C in the JLP amount?a)Rs. 18,000b)Rs. 25,000c)Rs. 51,000d)Rs. 20,000Correct answer is option 'C'. Can you explain this answer?
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A, B and C are partners sharing profits and losses in the ratio 9:4:3. They took joint life policy of Rs. 25,000 for A, Rs. 20,000 for B and Rs. 51,000 for C. what is the share of C in the JLP amount?a)Rs. 18,000b)Rs. 25,000c)Rs. 51,000d)Rs. 20,000Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A, B and C are partners sharing profits and losses in the ratio 9:4:3. They took joint life policy of Rs. 25,000 for A, Rs. 20,000 for B and Rs. 51,000 for C. what is the share of C in the JLP amount?a)Rs. 18,000b)Rs. 25,000c)Rs. 51,000d)Rs. 20,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C are partners sharing profits and losses in the ratio 9:4:3. They took joint life policy of Rs. 25,000 for A, Rs. 20,000 for B and Rs. 51,000 for C. what is the share of C in the JLP amount?a)Rs. 18,000b)Rs. 25,000c)Rs. 51,000d)Rs. 20,000Correct answer is option 'C'. Can you explain this answer?.
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