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 C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:

  • a) 
    C will get profit Rs. 19,950 and D Rs. 11,970 
  • b) 
    C will get profit Rs. 20,000 and D Rs. 12,000
  • c) 
    C will get profit Rs. 21,000 and D Rs. 12,600
  • d) 
    C will get profit Rs. 21,600 and D Rs. 12,000
Correct answer is option 'B'. Can you explain this answer?
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C and D enter into a joint venture to share profit in the ratio 5:3. A...
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C and D enter into a joint venture to share profit in the ratio 5:3. A...
Solution:
Given,

Ratio of profit sharing between C and D = 5:3

Let the total profit be x.

Then, the profit shares of C and D will be 5x/8 and 3x/8 respectively.

D is entitled to a commission of 5% of net profit after charging such commission.

So, the net profit after charging commission = 33600 - (33600 * 5/100) = 31920

Calculation:

  • Total profit = x

  • Profit share of C = 5x/8

  • Profit share of D = 3x/8

  • Net profit after charging commission = 31920


Now, we can form the equation:

3x/8 + 5% of (31920 - 3x/8) = 31920

=> 3x/8 + 1596 - 15x/400 = 31920

=> 87x/200 = 30324

=> x = 69600

Therefore, the profit shares of C and D will be:

Profit share of C = 5x/8 = 5 * 69600/8 = 43500

Profit share of D = 3x/8 = 3 * 69600/8 = 26100

Hence, option (b) is the correct answer.

Answer: C will get profit Rs. 20,000 and D Rs. 12,000.
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C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:a)C will get profit Rs. 19,950 and D Rs. 11,970b)C will get profit Rs. 20,000 and D Rs. 12,000c)C will get profit Rs. 21,000 and D Rs. 12,600d)C will get profit Rs. 21,600 and D Rs. 12,000Correct answer is option 'B'. Can you explain this answer?
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C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:a)C will get profit Rs. 19,950 and D Rs. 11,970b)C will get profit Rs. 20,000 and D Rs. 12,000c)C will get profit Rs. 21,000 and D Rs. 12,600d)C will get profit Rs. 21,600 and D Rs. 12,000Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:a)C will get profit Rs. 19,950 and D Rs. 11,970b)C will get profit Rs. 20,000 and D Rs. 12,000c)C will get profit Rs. 21,000 and D Rs. 12,600d)C will get profit Rs. 21,600 and D Rs. 12,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:a)C will get profit Rs. 19,950 and D Rs. 11,970b)C will get profit Rs. 20,000 and D Rs. 12,000c)C will get profit Rs. 21,000 and D Rs. 12,600d)C will get profit Rs. 21,600 and D Rs. 12,000Correct answer is option 'B'. Can you explain this answer?.
Solutions for C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:a)C will get profit Rs. 19,950 and D Rs. 11,970b)C will get profit Rs. 20,000 and D Rs. 12,000c)C will get profit Rs. 21,000 and D Rs. 12,600d)C will get profit Rs. 21,600 and D Rs. 12,000Correct answer is option 'B'. 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 C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:a)C will get profit Rs. 19,950 and D Rs. 11,970b)C will get profit Rs. 20,000 and D Rs. 12,000c)C will get profit Rs. 21,000 and D Rs. 12,600d)C will get profit Rs. 21,600 and D Rs. 12,000Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:a)C will get profit Rs. 19,950 and D Rs. 11,970b)C will get profit Rs. 20,000 and D Rs. 12,000c)C will get profit Rs. 21,000 and D Rs. 12,600d)C will get profit Rs. 21,600 and D Rs. 12,000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:a)C will get profit Rs. 19,950 and D Rs. 11,970b)C will get profit Rs. 20,000 and D Rs. 12,000c)C will get profit Rs. 21,000 and D Rs. 12,600d)C will get profit Rs. 21,600 and D Rs. 12,000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:a)C will get profit Rs. 19,950 and D Rs. 11,970b)C will get profit Rs. 20,000 and D Rs. 12,000c)C will get profit Rs. 21,000 and D Rs. 12,600d)C will get profit Rs. 21,600 and D Rs. 12,000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice C and D enter into a joint venture to share profit in the ratio 5:3. Apart from the profit D is entitled to a commission of 5% of net profit after charging such commission. If net profit of joint venture is Rs. 33,600 before charging such commission. What will be share profit of C and D:a)C will get profit Rs. 19,950 and D Rs. 11,970b)C will get profit Rs. 20,000 and D Rs. 12,000c)C will get profit Rs. 21,000 and D Rs. 12,600d)C will get profit Rs. 21,600 and D Rs. 12,000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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