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Ram and Mohan, are partner’s. They draw for private use Rs. 6,000 and Rs. 4,000 respectively. Interest is changeable @ 6 percent per annum on drawings. What is the interest?
- a)Ram Rs. 180 and Mohan Rs. 120
- b)Ram Rs. 360 and Mohan Rs. 240
- c)Ram Rs. 30 and Mohan Rs. 20
- d)None
Correct answer is option 'A'. Can you explain this answer?
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Ram and Mohan, are partner’s. They draw for private use Rs. 6,00...
S in a business venture. They share the profits and losses equally. Ram invests $5000 initially and Mohan invests $7000. After a year, they earn a profit of $9000. How much of the profit will each partner receive?
Solution:
Total investment = $5000 + $7000 = $12000
Profit earned = $9000
Ratio of investment = 5000 : 7000 = 5 : 7
Ratio of profit sharing = 1 : 1 (as both partners share the profit equally)
Total ratio = 5 + 7 = 12
Ram's share of profit = (1/12) x $9000 = $750
Mohan's share of profit = (1/12) x $9000 = $750
Therefore, Ram and Mohan will receive $750 each from the profit earned.
Solution:
Total investment = $5000 + $7000 = $12000
Profit earned = $9000
Ratio of investment = 5000 : 7000 = 5 : 7
Ratio of profit sharing = 1 : 1 (as both partners share the profit equally)
Total ratio = 5 + 7 = 12
Ram's share of profit = (1/12) x $9000 = $750
Mohan's share of profit = (1/12) x $9000 = $750
Therefore, Ram and Mohan will receive $750 each from the profit earned.
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Ram and Mohan, are partner’s. They draw for private use Rs. 6,00...
See , if we have not given the proper date or year on which the drawings are made than we have to assume the average period of drawings is 6 months . so as in the question
IOD = T.D × Rate/100 × average period
i) Ram's interest on drawing
6000 × 6/100 × 6/12 = 180
and
ii) Mohan's IOD
4000 × 6/100 × 6/12 = 120
so, the correct answer is option A , hence proved
IOD = T.D × Rate/100 × average period
i) Ram's interest on drawing
6000 × 6/100 × 6/12 = 180
and
ii) Mohan's IOD
4000 × 6/100 × 6/12 = 120
so, the correct answer is option A , hence proved
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Ram and Mohan, are partner’s. They draw for private use Rs. 6,000 and Rs. 4,000 respectively. Interest is changeable @ 6 percent per annum on drawings. What is the interest?a)Ram Rs. 180 and Mohan Rs. 120b)Ram Rs. 360 and Mohan Rs. 240c)Ram Rs. 30 and Mohan Rs. 20d)NoneCorrect answer is option 'A'. Can you explain this answer?
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Ram and Mohan, are partner’s. They draw for private use Rs. 6,000 and Rs. 4,000 respectively. Interest is changeable @ 6 percent per annum on drawings. What is the interest?a)Ram Rs. 180 and Mohan Rs. 120b)Ram Rs. 360 and Mohan Rs. 240c)Ram Rs. 30 and Mohan Rs. 20d)NoneCorrect answer is option 'A'. 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 Ram and Mohan, are partner’s. They draw for private use Rs. 6,000 and Rs. 4,000 respectively. Interest is changeable @ 6 percent per annum on drawings. What is the interest?a)Ram Rs. 180 and Mohan Rs. 120b)Ram Rs. 360 and Mohan Rs. 240c)Ram Rs. 30 and Mohan Rs. 20d)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram and Mohan, are partner’s. They draw for private use Rs. 6,000 and Rs. 4,000 respectively. Interest is changeable @ 6 percent per annum on drawings. What is the interest?a)Ram Rs. 180 and Mohan Rs. 120b)Ram Rs. 360 and Mohan Rs. 240c)Ram Rs. 30 and Mohan Rs. 20d)NoneCorrect answer is option 'A'. Can you explain this answer?.
Ram and Mohan, are partner’s. They draw for private use Rs. 6,000 and Rs. 4,000 respectively. Interest is changeable @ 6 percent per annum on drawings. What is the interest?a)Ram Rs. 180 and Mohan Rs. 120b)Ram Rs. 360 and Mohan Rs. 240c)Ram Rs. 30 and Mohan Rs. 20d)NoneCorrect answer is option 'A'. 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 Ram and Mohan, are partner’s. They draw for private use Rs. 6,000 and Rs. 4,000 respectively. Interest is changeable @ 6 percent per annum on drawings. What is the interest?a)Ram Rs. 180 and Mohan Rs. 120b)Ram Rs. 360 and Mohan Rs. 240c)Ram Rs. 30 and Mohan Rs. 20d)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram and Mohan, are partner’s. They draw for private use Rs. 6,000 and Rs. 4,000 respectively. Interest is changeable @ 6 percent per annum on drawings. What is the interest?a)Ram Rs. 180 and Mohan Rs. 120b)Ram Rs. 360 and Mohan Rs. 240c)Ram Rs. 30 and Mohan Rs. 20d)NoneCorrect answer is option 'A'. Can you explain this answer?.
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