If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer?

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

CA Foundation Exam > CA Foundation Questions > If A, B and C started a business by investing...

If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:

a)
72,600, 48,400, 1,21,000
b)
48,400, 1,21,000, 72,600
c)
72,600, 49,400, 1,21,000
d)
48,000, 1,21,400, 72,600

Correct answer is option 'A'. Can you explain this answer?

Join for Free

Join for Free

Most Upvoted Answer

If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000...

Let's denote:

A's investment = Rs. 1,26,000

B's investment = Rs. 84,000

C's investment = Rs. 2,10,000

The total investment is the sum of their individual investments: Total investment = Rs. 1,26,000 + Rs. 84,000 + Rs. 2,10,000 = Rs. 4,20,000

Now, we find the ratio of each person's investment to the total investment:

A's ratio = Rs. 1,26,000 / Rs. 4,20,000 = 3/10

B's ratio = Rs. 84,000 / Rs. 4,20,000 = 1/5

C's ratio = Rs. 2,10,000 / Rs. 4,20,000 = 1/2

Now, we multiply each person's ratio by the total profit to find their share of the profit:

A's share = (3/10) * Rs. 2,42,000 = Rs. 72,600

B's share = (1/5) * Rs. 2,42,000 = Rs. 48,400

C's share = (1/2) * Rs. 2,42,000 = Rs. 1,21,000

Answered by Freedom Institute · View profile

Free Test

FREE

Test: Ratio And Proportion, Indices, Logarithms - 3
40 Ques | 40 Min

Start Free Test

View all free CA Foundation tests

Community Answer

If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000...

Given: A, B and C invested Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000 respectively. Total profit at the end of the year is Rs. 2,42,000.

To find: Share of each person.

Solution:

Step 1: Find the total investment made.
Total investment = Rs. 1,26,000 + Rs. 84,000 + Rs. 2,10,000 = Rs. 4,20,000

Step 2: Find the ratio of investment made by each person.
Ratio of investment = Investment made by A : Investment made by B : Investment made by C
= 1,26,000 : 84,000 : 2,10,000
= 6 : 4 : 10

Step 3: Find the share of each person in the profit.
Let the share of A, B and C be x, y and z respectively.
Then, x + y + z = Total profit = Rs. 2,42,000

Step 4: Use the ratio to find the value of x, y and z.
x:y:z = 6:4:10
Let us assume that the common ratio is 10.
Therefore, x = 6*10 = 60
y = 4*10 = 40
z = 10*10 = 100

Step 5: Check if the sum of shares is equal to the total profit.
x + y + z = 60 + 40 + 100 = Rs. 2,00,000
This is not equal to the total profit of Rs. 2,42,000.

Step 6: Adjust the shares proportionally.
Since the sum of shares is less than the total profit, we need to adjust the shares proportionally.
New share of A = (x/Sum of shares) * Total profit = (60/200) * Rs. 2,42,000 = Rs. 72,600
New share of B = (y/Sum of shares) * Total profit = (40/200) * Rs. 2,42,000 = Rs. 48,400
New share of C = (z/Sum of shares) * Total profit = (100/200) * Rs. 2,42,000 = Rs. 1,21,000

Therefore, the share of each person is:
A = Rs. 72,600
B = Rs. 48,400
C = Rs. 1,21,000

Hence, option (a) is the correct answer.

View all answers Start learning for free

Explore Courses for CA Foundation exam

Similar CA Foundation Doubts

If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is

View answer

KEVIN and JOS were partners in a firm sharing profits in a firm sharing profits and losses in the ratio of 3:2. They admit JACK for 1/6 th share in profit and guaranteed that his share of profits will not be less than ` 250,00,000. The profits of the firm for the year ended 31 st March, 2020 were ` 900,00,000. Calculate share of profit for each partners when : a. Guarantee is given by firm b. Guarantee is given by KEVIN c. Guarantee is given by KEVIN and JOS equally.?

View answer

A,b and c had capital of Rs 50000, Rs40000 and Rs30000 respectively for carrying on business in pantership the firm's reported profit for the year was 80000 as per provisions of the India pantership act 1932 find out the share of each partner in the above amount after taking into account that no interest has been provided on an advance by A of Rs20000 Inaddition to his captial contribution?

View answer

A, B and C were Partners with capitals of 50,000; 40,000 and * 30,000 respectively carrying on business in partnership. The firm's reported profit for the year was * 80,000. As per provision of the Indian Partnership Act, 1932, find out the share of each partner in the above amount after taking into account that no interest has been provided on an advance by A of 20,000 in addition to his capital contribution.?

View answer

A,B and C had capitals of 50000,,40000 and 30000 for carrying on business in partnership. The firm's reported profit for the year was 80000.as per provisions of the Indian partnership act,1932,find out the share of each partner in the above amount after taking into account that no interest has been provided on an advance by A of 20,000 in addition to his capital contribution.?

View answer

Top Courses for CA FoundationView all

Quantitative Aptitude for CA Foundation

Accounting for CA Foundation

Business Laws for CA Foundation

Business Economics for CA Foundation

Mock Tests & Past Year Papers for CA Foundation

Top Courses for CA Foundation

View all

If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer? 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 If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer?.

Solutions for If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer?, a detailed solution for If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice If A, B and C started a business by investing Rs. 1,26,000, Rs. 84,000 and Rs. 2,10,000. If at the end of the year profit is Rs. 2,42,000 then the share of each is:a)72,600, 48,400, 1,21,000b)48,400, 1,21,000, 72,600c)72,600, 49,400, 1,21,000d)48,000, 1,21,400, 72,600Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.

Explore Courses for CA Foundation exam