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P, Q and R have a partnership firm. P’s profit share is 2/3rd of the Q’s profit share and R’s share is 1/2 of the Q’s share. If total revenue is Rs. 43296 and total expense is Rs. 9899, then what will be the profit share of R?
  • a)
    Rs. 5138
  • b)
    Rs. 7707
  • c)
    Rs. 10276
  • d)
    Rs. 15414
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
P, Q and R have a partnership firm. P’s profit share is 2/3rdof ...
Net Profit = Total Revenue – Total Expense = Rs. 43296 – Rs. 9899 = Rs. 33397
Let, the profit share of Q is Rs. x.
→ P’s profit share = Rs. 2x/3
→ R’s profit share = Rs. x/2
Thus we have,
Net Profit = P’s profit share + Q’s profit share + R’s profit share
33397 = 2x/3 + x + x/2
33397 = (4x + 6x + 3x)/6
33397 = 13x/6
x = (33397 × 6)/13
= 15414
R’s share = 15414/2 = 7707
Hence, Rs. 7707 is the correct answer.
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P, Q and R have a partnership firm. P’s profit share is 2/3rdof the Q’s profit share and R’s share is 1/2 of the Q’s share. If total revenue is Rs. 43296 and total expense is Rs. 9899, then what will be the profit share of R?a)Rs. 5138b)Rs. 7707c)Rs. 10276d)Rs. 15414Correct answer is option 'B'. Can you explain this answer?
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P, Q and R have a partnership firm. P’s profit share is 2/3rdof the Q’s profit share and R’s share is 1/2 of the Q’s share. If total revenue is Rs. 43296 and total expense is Rs. 9899, then what will be the profit share of R?a)Rs. 5138b)Rs. 7707c)Rs. 10276d)Rs. 15414Correct answer is option 'B'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about P, Q and R have a partnership firm. P’s profit share is 2/3rdof the Q’s profit share and R’s share is 1/2 of the Q’s share. If total revenue is Rs. 43296 and total expense is Rs. 9899, then what will be the profit share of R?a)Rs. 5138b)Rs. 7707c)Rs. 10276d)Rs. 15414Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for P, Q and R have a partnership firm. P’s profit share is 2/3rdof the Q’s profit share and R’s share is 1/2 of the Q’s share. If total revenue is Rs. 43296 and total expense is Rs. 9899, then what will be the profit share of R?a)Rs. 5138b)Rs. 7707c)Rs. 10276d)Rs. 15414Correct answer is option 'B'. Can you explain this answer?.
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