Question : A and B are partners sharing profit equally. C was the manager who received a salary of Rs. 8,000 per month, in addition to a commission of 5% on net profit after charging such a commission. Profit for the year is Rs. 56,000 before charging salary. Find out the total remuneration of C.
Option 1: Rs. 1,56,000
Option 2: Rs. 1,76,000
Option 3: Rs. 1,52,000
Option 4: Rs. 1,74,000
Correct Answer: Rs. 1,56,000
Solution : Answer = Rs 1,56,000 Total remuneration of C=Salary+Commission
=96,000+$(13,56,000-96,000) \frac{\times 5}{105}$
=96000+60000=1,56,000 Hence, the correct option is 1.
Question : A and B are partners sharing profits & losses as 2: 1. C and D are admitted and the profit sharing ratio becomes 4: 2: 3: 1. Goodwill is valued at Rs.2,00,000. D brings the required goodwill and Rs.50,000 cash for Capital. C brings in Rs.50,000 cash and Rs. 40,000 worth of stock as his capital in addition to the required amount of goodwill in cash. Cash contributed by the new partner at the time of admission and the amount of goodwill brought by a new partner will be
Option 1: Debited bank with Rs 50,000 and credited premium for goodwill Rs 2,00,000
Option 2: Debited bank with Rs 1,10,000 and credited premium for goodwill Rs 60,000
Option 3: Debited bank Rs 50,000 and credited premium for goodwill Rs 2,00,000
Option 4: None of the above
Question : Directions: If A denotes addition, B denotes multiplication, C denotes subtraction, and D denotes division, then what will be the value of the following expression? 15 B (14 C 7) A 25 D (18 C 13) C 8 B (2 A 3) =?
Option 1: 105
Option 2: 115
Option 3: 70
Option 4: 40
Question : Directions: If A denotes addition, B denotes multiplication, C denotes subtraction, and D denotes division, then what will be the value of the following expression? 43 A 22 C 15 B 4 A 72 D (10 C 2) =?
Option 1: 44
Option 2: 18
Option 3: 14
Option 4: 32
Question : Directions: If A denotes addition, B denotes multiplication, C denotes subtraction, and D denotes division, then what will be the value of the following equation: 24 B 14 C 264 D 22 A 42 = ?
Option 1: 346
Option 2: 336
Option 3: 366
Option 4: 356
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