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Three partners in a business shared a sum of TK. 1800/- in profits.What is the share of each if profits are shared in the ratio of 6:5:1 ?
A
TK. 1100, TK. 500, TK. 200
B
TK. 900, Tk. 800, TK.100
C
TK. 900, TK. 750, TK. 150
D
TK. 850, TK. 750, TK. 200
Correct Answer:
TK. 900, TK. 750, TK. 150
A, B and C are partners. They admit D as a partner and gurantee that his share of profit shall not be less than Rs. 20,000 p.a. Profits are to be shared in the ratio of 4 : 3 : 3 : 2 respectively. If total profits for a year were Rs. 96,000, A's share of profits will be:
A
Rs. 30,400.00
B
Rs. 32,000.00
C
Rs. 33,777.78
D
Rs. 24,000.00
X and Y are partners and sharing profits-losses in the ratio of 4 : 3. They admit Z in partnership giving $${\frac{1}{3}^{{\text{rd}}}}$$ share in profits/losses. If Z receives his share from X and Y in equal proportion, the share of Y in profits/loses in future will be
A
$$\frac{{11}}{{42}}$$
B
$$\frac{{17}}{{42}}$$
C
$$\frac{{14}}{{42}}$$
D
$$\frac{{28}}{{42}}$$
Which of the following is not an agreement in restraint of trade?
1. A sells the goodwill of his business with an agreement not to carry on a similar business within specified local limits, so long as the buyer carries on a similar business.
2. A sells the goodwill of his business with an agreement not to carry on a similar business within India, so long as the buyer carries on a similar business.
3. A sells the goodwill of his business with an agreement not to practice the same trade for 25 years.
4. A sells the goodwill of his business with an agreement not to engage in any business competing or liable to compete in any way with the business for the time being carried on by the buyer.
A
1, 3 and 4
B
2, 3 and 4
C
3 and 4
D
1 and 3
Three partners A, B and C share profit such that three times the share of A is equal to two times the share of B and equal to 12times the share of C. What is the ratio of the profits of A, B and C respectively?
A
3 : 2 : 12
B
12 : 2 : 3
C
4 : 6 : 1
D
1 : 6 : 4
W, X, Y are partners. They admitted Z into the firm and gave him guarantee that his share in profits will not be less than Rs. 10,000 p.a.. Profits will be shared in 4 : 3 : 3 : 2. If profit for the year is Rs. 48,000 then what is profit share of each partner?
A
W = 15,200, X = 11,400, Y = 11,400, Z = 10,000
B
W = 16,000, X = 11,000, Y = 11,000, Z = 10,000
C
W = 16,000, X = 12,000, Y = 12,000, Z = 8,000
D
W = 15,200, X = 11,200, Y = 12,000, Z = 10,400
A, B and C were partners in a business who shared profits and losses in the ratio of $$\frac{1}{5}:\,\frac{1}{3}:\,\frac{7}{{15}}$$ respectively. C retired and his share was purchased by A and B in the ratio of 3 : 2. The new profit sharing ratio of A and B will be:
A
13 : 12
B
12 : 15
C
12 : 13
D
14 : 15
Business Partners, A, B and C agree to divide their total profit for the year in the ration 1 : 2 : 2 respectively. If B's share of the profits is Tk. 27,200, what was the total profit of the business partners for the year?
A
Tk. 64,000
B
Tk. 30,000
C
Tk. 76,000
D
Tk. 68,000
A and B are partners sharing profits and losses in the ratio 3 : 1. They decided to admit C. C will be given $${\frac{1}{4}^{{\text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be:
A
4 : 3 : 1
B
7 : 2 : 3
C
3 : 1 : 7
D
7 : 3 : 2
X and Y are partners sharing profits in the ratio 2 : 1. Z is admitted for $${\frac{1}{4}^{{\text{th}}}}$$ share in profits and he brings his share of capital Rs. 12,000 in firm. The adjusted capital of Y is
A
Rs. 18,000
B
Rs. 16,000
C
Rs. 20,000
D
Rs. 12,000
A and B are partners sharing profits in the firm in the ratio of 2 : 3. Goodwill appears in the books of firm at Rs. 10,000. C joins the firm for $$\frac{1}{5}$$ share of profits. His share of Goodwill is estimated to be Rs. 15,000. The old partner's account will be credited with Goodwill by
A
Rs. 50,000
B
Rs. 40,000
C
Rs. 75,000
D
Rs. 65,000