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A, B and C are partners sharing profit and losses in the ratio 9:4:3. They took joint life policy of ₹25000 for A, ₹20000 fir B and ₹51000 for C. What is the share of C in the JLP amount.?
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A, B and C are partners sharing profit and losses in the ratio 9:4:3. ...
Solution:



Step 1: Calculate the total premium paid by all the partners


The total premium paid by all the partners is the sum of the premiums paid by each partner.


Total premium = Premium paid by A + Premium paid by B + Premium paid by C


Total premium = ₹25000 + ₹20000 + ₹51000


Total premium = ₹96000



Step 2: Calculate the share of each partner in the premium amount


The share of each partner in the premium amount will be in the same ratio as their profit sharing ratio.


A's share = 9/16 x ₹96000 = ₹54000


B's share = 4/16 x ₹96000 = ₹24000


C's share = 3/16 x ₹96000 = ₹18000



Step 3: Calculate the share of C in the JLP amount


The share of C in the JLP amount will be in the same ratio as the premium paid by C to the total premium paid by all partners.


C's share in JLP amount = (Premium paid by C / Total premium paid by all partners) x Total sum assured


C's share in JLP amount = (₹51000 / ₹96000) x ₹96000


C's share in JLP amount = ₹27000



Step 4: Final answer


Therefore, the share of C in the JLP amount is ₹27000.
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A, B and C are partners sharing profit and losses in the ratio 9:4:3. They took joint life policy of ₹25000 for A, ₹20000 fir B and ₹51000 for C. What is the share of C in the JLP amount.?
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A, B and C are partners sharing profit and losses in the ratio 9:4:3. They took joint life policy of ₹25000 for A, ₹20000 fir B and ₹51000 for C. What is the share of C in the JLP amount.? 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 profit and losses in the ratio 9:4:3. They took joint life policy of ₹25000 for A, ₹20000 fir B and ₹51000 for C. What is the share of C in the JLP amount.? 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 profit and losses in the ratio 9:4:3. They took joint life policy of ₹25000 for A, ₹20000 fir B and ₹51000 for C. What is the share of C in the JLP amount.?.
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