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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Ram, Rahim and Ron share profits in the ratio 2:3:5. Ram decides to retire. The new profit sharing ratio is 3:5. If the profit earned was ₹1,50,000 before retirement. Rahim’s share is ₹45,000.
Reason (R): The profits are shared in the new profit sharing ratio.
  • a)
    Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
  • b)
    Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
  • c)
    Assertion (A) is true, but Reason (R) is false .
  • d)
    Assertion (A) is false, but Reason (R) is true.
Correct answer is option 'C'. Can you explain this answer?
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Directions : In the following questions, a statement of Assertion (A)...
Rahim will get ₹45,000 as his share of profit but the profits are shared in the old profit sharing ratio.
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Directions : In the following questions, a statement of Assertion (A)...
Assertion (A): Ram, Rahim and Ron share profits in the ratio 2:3:5. Ram decides to retire. The new profit sharing ratio is 3:5. If the profit earned was ₹1,50,000 before retirement. Rahim’s share is ₹45,000.

Reason (R): The profits are shared in the new profit sharing ratio.

The correct answer is option 'C': Assertion (A) is true, but Reason (R) is false.

Explanation:
Assertion (A) is true: Ram, Rahim, and Ron share profits in the ratio 2:3:5. This means that out of the total profit, Ram gets 2 parts, Rahim gets 3 parts, and Ron gets 5 parts.

Given:
Profit earned before retirement = ₹1,50,000.
Rahim's share = ₹45,000.

Let's calculate the actual profit sharing:
Total parts in the ratio = 2 + 3 + 5 = 10 parts

Profit share of Ram:
Ram's share = (2/10) * ₹1,50,000 = ₹30,000

Profit share of Rahim:
Rahim's share = (3/10) * ₹1,50,000 = ₹45,000 (Given)

Profit share of Ron:
Ron's share = (5/10) * ₹1,50,000 = ₹75,000

Let's calculate the new profit sharing:
New profit sharing ratio = 3:5

Profit share of Ram in the new ratio:
Ram's share = (3/8) * ₹1,50,000 = ₹56,250

Profit share of Rahim in the new ratio:
Rahim's share = (5/8) * ₹1,50,000 = ₹93,750

Profit share of Ron in the new ratio:
Ron's share = (5/8) * ₹1,50,000 = ₹93,750

Conclusion:
From the above calculations, it is clear that the Reason (R) is false. The profits are not shared in the new profit sharing ratio of 3:5. The correct profit sharing ratio after Ram's retirement would be 3:3:5, with Ram's share being ₹56,250, Rahim's share being ₹93,750, and Ron's share being ₹93,750.
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Ram, Rahim and Ron share profits in the ratio 2:3:5. Ram decides to retire. The new profit sharing ratio is 3:5. If the profit earned was ₹1,50,000 before retirement. Rahim’s share is ₹45,000.Reason (R): The profits are shared in the new profit sharing ratio.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer?
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Ram, Rahim and Ron share profits in the ratio 2:3:5. Ram decides to retire. The new profit sharing ratio is 3:5. If the profit earned was ₹1,50,000 before retirement. Rahim’s share is ₹45,000.Reason (R): The profits are shared in the new profit sharing ratio.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Ram, Rahim and Ron share profits in the ratio 2:3:5. Ram decides to retire. The new profit sharing ratio is 3:5. If the profit earned was ₹1,50,000 before retirement. Rahim’s share is ₹45,000.Reason (R): The profits are shared in the new profit sharing ratio.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Ram, Rahim and Ron share profits in the ratio 2:3:5. Ram decides to retire. The new profit sharing ratio is 3:5. If the profit earned was ₹1,50,000 before retirement. Rahim’s share is ₹45,000.Reason (R): The profits are shared in the new profit sharing ratio.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'C'. Can you explain this answer?.
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