UPSC Exam  >  UPSC Questions  >  Virat, Chris & Shane enter into a partnership... Start Learning for Free
Virat, Chris & Shane enter into a partnership. They
invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At
the end of the first year Chris withdraws 80,000/- while
at the end of the second year Shane withdraws
1,20,000/-. In what ratio will the profit be shared at the
end of 3 years ?
Most Upvoted Answer
Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,...
Calculation of Profit Sharing Ratio
Profit sharing ratio is calculated based on the capital invested and the time period for which each partner's capital remains in the business.

Calculation of Virat's Share
Virat's investment = 80,000 * 3 years = 2,40,000

Calculation of Chris's Share
Chris's investment = 1,60,000 for 1 year and 80,000 for 2 years = 2,40,000

Calculation of Shane's Share
Shane's investment = 2,40,000 for 1 year, 1,60,000 for 2 years and 1,20,000 for 1 year = 5,20,000

Profit Sharing Ratio
Virat : Chris : Shane = 2,40,000 : 2,40,000 : 5,20,000 = 6 : 6 : 13
Therefore, the profit will be shared in the ratio of 6:6:13 at the end of 3 years.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At the end of the first year Chris withdraws 80,000/- while at the end of the second year Shane withdraws 1,20,000/-. In what ratio will the profit be shared at the end of 3 years ?
Question Description
Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At the end of the first year Chris withdraws 80,000/- while at the end of the second year Shane withdraws 1,20,000/-. In what ratio will the profit be shared at the end of 3 years ? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At the end of the first year Chris withdraws 80,000/- while at the end of the second year Shane withdraws 1,20,000/-. In what ratio will the profit be shared at the end of 3 years ? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At the end of the first year Chris withdraws 80,000/- while at the end of the second year Shane withdraws 1,20,000/-. In what ratio will the profit be shared at the end of 3 years ?.
Solutions for Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At the end of the first year Chris withdraws 80,000/- while at the end of the second year Shane withdraws 1,20,000/-. In what ratio will the profit be shared at the end of 3 years ? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At the end of the first year Chris withdraws 80,000/- while at the end of the second year Shane withdraws 1,20,000/-. In what ratio will the profit be shared at the end of 3 years ? defined & explained in the simplest way possible. Besides giving the explanation of Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At the end of the first year Chris withdraws 80,000/- while at the end of the second year Shane withdraws 1,20,000/-. In what ratio will the profit be shared at the end of 3 years ?, a detailed solution for Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At the end of the first year Chris withdraws 80,000/- while at the end of the second year Shane withdraws 1,20,000/-. In what ratio will the profit be shared at the end of 3 years ? has been provided alongside types of Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At the end of the first year Chris withdraws 80,000/- while at the end of the second year Shane withdraws 1,20,000/-. In what ratio will the profit be shared at the end of 3 years ? theory, EduRev gives you an ample number of questions to practice Virat, Chris & Shane enter into a partnership. They invest 80,000/-,1,60,000/- & 2,40,000/- respectively. At the end of the first year Chris withdraws 80,000/- while at the end of the second year Shane withdraws 1,20,000/-. In what ratio will the profit be shared at the end of 3 years ? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev