362 Views

Question : Aman, Raman and Suman were partners sharing profits the ratio of 3:2:1 respectively. The profit and sales for the year ended 31 March, 2017 were Rs.3 lakh and Rs.10 lakh respectively. Aman died on 30th November, 2017. Calculate the share of deceased partner in the profits for the period from 1st April, 2017 to 30th November, 2017, if the same is calculated:
Q. On the basis of Time.

Option 1: RS 1,20,000

Option 2: Rs 1,40,000

Option 3: Rs 1,00,000

Option 4: None of the above


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 7th Jan, 2024

Correct Answer: Rs 1,00,000


Solution : Answer = 1,00,000

On the Basis of Time.
Profit = 3,00,000
A's Share = 3,00,000 * 3/6 * 8/12 = 1,00,000.
Hence, the correct option is 3.

Related Questions

Great Lakes Institute of Mana...
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.8 LPA Avg. CTC for PGPM 2025
UPES | BBA Admissions 2026
Apply
#36 in NIRF, NAAC ‘A’ Grade | 100% Placement, up to 30% meritorious scholarships
Presidency University MBA Adm...
Apply
NAAC A+ Accredited | Highest CTC 10 LPA | Top Recruiters : Amazon, Accenture, KPMG, EY, Capgemini & many more
IBSAT 2025-ICFAI Business Sch...
Apply
IBSAT 2025-Your gateway to MBA/PGPM @ IBS Hyderabad and 8 other IBS campuses | Scholarships worth 10 CR
Goa Institute of Management P...
Apply
AMBA & BGA ACCREDITED | Top Recruiters-Microsoft, Bain, HSBC, Deloitte, Barclays and many more
IMT Ghaziabad PGDM Admissions...
Apply
AACSB, NBA & SAQS Accredited | H-CTC 41.55 LPA | Merit Based Scholarship
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books