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Question
A, B and C are partners in a firm sharing profit in the ratio of 3 : 4 : S. If they set aside 4% of the profits as emergency fund and shared the rest of the profit and B gets his share of profit as Rs. 1,81,400, the amount of profit set aside for emergency fund is ______.
Options
₹ 27,845
₹ 18,140
₹ 22,675
₹ 24,500
MCQ
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Solution
A, B and C are partners in a firm sharing profit in the ratio of 3 : 4 : S. If they set aside 4% of the profits as emergency fund and shared the rest of the profit and B gets his share of profit as Rs. 1,81,400, the amount of profit set aside for emergency fund is ₹ 22,675.
Explanation:
A B C
3 : 4 : 5
: 4 → 181400
: 12 → `(181400/4 xx 12) xx 4/96`
= 22,675
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Partnership (Entrance Exam)
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