Question : A and B are partners in a firm without a deed. 'A' devotes more time for the firm as compared to 'B'. In addition to share in profit. A will get:

Option 1: A Commission @ 5% of profit

Option 2: Salary of Rs.20,000 per month

Option 3: Either (1) or (2)

Option 4: None of the above

Question : A and B are partner in a partnership firm without any agreement. A devotes more time for the firm as compare to B. A will get the following commission in addition to profit in the firm's profit:

Option 1: 6% of profit 

Option 2: 4% of profit 

Option 3: 5% of profit 

Option 4: None of the above 

Question : K and P are partners in a firm which earned a profit of Rs.1,20,000 for the year. K is entitled to a commission of 20% of net profit after charging such commission. The amount of commission K will receive is:

Option 1: Rs.24,000

Option 2: Rs.20,000

Option 3: Rs.22,000

Option 4: None of these

Question : X, Y and Z are partners in a firm in 3:2:1. Z is Guaranteed that he will get a minimum of Rs 20,000 as his share of Profit every year. The firm's profit was Rs 90,000 Partners will get.

Option 1: X Rs 40,000, Y Rs 30,000, Z Rs 20,000

Option 2: X Rs 42,500, Y Rs 27,500, Z Rs 20,000

Option 3: X Rs 45,000, Y Rs 30,000, Z Rs 15,000

Option 4: X Rs 42,000, Y Rs 28,000, Z Rs 20,000

Question : X, Y and Z are partners in a firm in 3:2:1. Z is Guaranteed that he will get a minimum of Rs 20,000 as his share of Profit every year. The firm's profit was Rs 90,000 Partners will get.

Option 1: X Rs 40,000, Y Rs 30,000, Z Rs 20,000

Option 2: X Rs 42,500, Y Rs 27,500, Z Rs 20,000

Option 3: X Rs 45,000, Y Rs 30,000, Z Rs 15,000

Option 4: X Rs 42,000, Y Rs 28,000, Z Rs 20,000

Question : Mohit and Rohit were partners in a firm with the capitals of Rs.80,000 and Rs.40,000 respectively. The firm earned a profit of Rs.30,000 during the year. Mohit's share in the profit will be:

Option 1: Rs.20,000

Option 2: Rs.10,000

Option 3: Rs.15,000

Option 4: Rs.18,000