CAT Exam > CAT Questions > Suman began a business with a capital of Rs. ...
Start Learning for Free
Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?
- a)Rs. 34,850
- b)Rs. 41,250
- c)Rs. 36,850
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Suman began a business with a capital of Rs. 50,000 and after 3 months...
Money invested by Suman for 12 months = Rs. 50,000
Money invested by Manu for 9 months = Rs. 75,000
Money invested by Amandeep for 6 months = Rs. 1,25,000
Share of Suman : Manu : Amandeep
= 50,000 × 12 : 75,000 × 9 : 1,25,000 × 6 = 6,00,000 : 6,75,000 : 7,50,000
= 600 : 675 : 750 = 8 : 9 : 10
Total profit = Rs. 99,495
Profit of Amandeep =
× 99,495 = 
× 99,495 = Rs. 36,850
Money invested by Manu for 9 months = Rs. 75,000
Money invested by Amandeep for 6 months = Rs. 1,25,000
Share of Suman : Manu : Amandeep
= 50,000 × 12 : 75,000 × 9 : 1,25,000 × 6 = 6,00,000 : 6,75,000 : 7,50,000
= 600 : 675 : 750 = 8 : 9 : 10
Total profit = Rs. 99,495
Profit of Amandeep =
× 99,495 = × 99,495 = Rs. 36,850Most Upvoted Answer
Suman began a business with a capital of Rs. 50,000 and after 3 months...
Given:
- Suman's capital = Rs. 50,000
- Manu's capital = Rs. 75,000 (entered after 3 months)
- Amandeep's capital = Rs. 1,25,000 (entered after 6 months)
- Profit at the end of the year = Rs. 99,495
Profit Sharing:
To determine the profit sharing ratio, we need to consider the time period of each partner's investment.
- Suman's investment = 12 months
- Manu's investment = 9 months
- Amandeep's investment = 6 months
We can find the profit sharing ratio by multiplying the capital with the time period for each partner:
- Suman's share = Rs. 50,000 * 12 = Rs. 6,00,000
- Manu's share = Rs. 75,000 * 9 = Rs. 6,75,000
- Amandeep's share = Rs. 1,25,000 * 6 = Rs. 7,50,000
Total profit sharing ratio = Suman's share + Manu's share + Amandeep's share
= Rs. 6,00,000 + Rs. 6,75,000 + Rs. 7,50,000
= Rs. 20,25,000
Calculating Amandeep's share:
Amandeep's share in the profit = (Amandeep's share / Total profit sharing ratio) * Total profit
= (Rs. 7,50,000 / Rs. 20,25,000) * Rs. 99,495
= Rs. 36,850
Therefore, Amandeep received Rs. 36,850 of the profit. Hence, option C is the correct answer.
- Suman's capital = Rs. 50,000
- Manu's capital = Rs. 75,000 (entered after 3 months)
- Amandeep's capital = Rs. 1,25,000 (entered after 6 months)
- Profit at the end of the year = Rs. 99,495
Profit Sharing:
To determine the profit sharing ratio, we need to consider the time period of each partner's investment.
- Suman's investment = 12 months
- Manu's investment = 9 months
- Amandeep's investment = 6 months
We can find the profit sharing ratio by multiplying the capital with the time period for each partner:
- Suman's share = Rs. 50,000 * 12 = Rs. 6,00,000
- Manu's share = Rs. 75,000 * 9 = Rs. 6,75,000
- Amandeep's share = Rs. 1,25,000 * 6 = Rs. 7,50,000
Total profit sharing ratio = Suman's share + Manu's share + Amandeep's share
= Rs. 6,00,000 + Rs. 6,75,000 + Rs. 7,50,000
= Rs. 20,25,000
Calculating Amandeep's share:
Amandeep's share in the profit = (Amandeep's share / Total profit sharing ratio) * Total profit
= (Rs. 7,50,000 / Rs. 20,25,000) * Rs. 99,495
= Rs. 36,850
Therefore, Amandeep received Rs. 36,850 of the profit. Hence, option C is the correct answer.
|
Explore Courses for CAT exam
|
|
Similar CAT Doubts
Top Courses for CATView all
Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer?
Question Description
Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
Here you can find the meaning of Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Suman began a business with a capital of Rs. 50,000 and after 3 months, Manu entered into the partnership with a capital of Rs. 75,000. Three months later, Amandeep joined the firm with a capital of Rs. 1,25,000. At the end of the year, the firm made a profit of Rs. 99,495. How much of this sum did Amandeep receive?a)Rs. 34,850b)Rs. 41,250c)Rs. 36,850d)None of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
|
|
Explore Courses for CAT 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
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup