Caselets

Q: What is the final profit-sharing ratio of X, Y, and Z?

Correct Answer: Option C (7:14:5). Effective Investment of X: (60,000 * 4) + (40,000 * 8) = 240,000 + 320,000 = 560,000. Effective Investment of Y: (80,000 * 4) + (100,000 * 8) = 320,000 + 800,000 = 1,120,000. Effective Investment of Z: (100,000 * 4) = 400,000. Ratio X:Y:Z = 560 : 1120 : 400 = 56 : 112 : 40. Dividing by 8 gives 7 : 14 : 5.

Q: What is the absolute share of Y in the total profit?

Correct Answer: Option C (Rs. 70,000). Total ratio parts = 7 + 14 + 5 = 26 parts. Total Profit = 130,000. 1 part = 130,000 / 26 = 5,000. Y's share = 14 parts = 14 * 5,000 = Rs. 70,000.

Q: What is the difference between the profit shares of X and Z?

Correct Answer: Option B (Rs. 10,000). X's share = 7 * 5,000 = Rs. 35,000. Z's share = 5 * 5,000 = Rs. 25,000. Difference = 35,000 - 25,000 = Rs. 10,000.

Q: If Z had joined at the very beginning of the year with the same capital, what would be the new profit-sharing ratio of X, Y, and Z?

Correct Answer: Option B (7:14:15). If Z joined at the start, Z's effective investment = 100,000 * 12 = 1,200,000. X and Y remain the same. New Ratio X:Y:Z = 560 : 1120 : 1200 = 56 : 112 : 120. Dividing by 8 gives 7 : 14 : 15.

Q: Y's profit share is approximately what percentage of the total profit?

Correct Answer: Option C (53.8%). Y's share = 14 parts out of 26 total parts. Percentage = (14 / 26) * 100 = 700 / 13 = 53.84%.

80 Questions

Practice Caselets questions with answers and step-by-step solutions. These problems are curated from recent campus placement test papers (TCS, Infosys, Wipro, Cognizant, Accenture) and competitive government exams (SSC CGL, Bank PO, RRB NTPC, UPSC).

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Caselet Context & PassageSet 8: Partnership (Variable Time & Amounts)

X and Y enter into a business partnership. X invests Rs. 60,000 and Y invests Rs. 80,000 initially. After 4 months, X withdraws Rs. 20,000 from his investment, while Y invests an additional Rs. 20,000. After another 4 months (i.e., 8 months from the start), Z joins the business with a capital of Rs. 100,000. The business runs for a total of 12 months, and the total profit generated at the end of the year is Rs. 130,000.

Q76

What is the final profit-sharing ratio of X, Y, and Z?

hard

Q77

What is the absolute share of Y in the total profit?

hard

Q78

What is the difference between the profit shares of X and Z?

hard

Q79

If Z had joined at the very beginning of the year with the same capital, what would be the new profit-sharing ratio of X, Y, and Z?

hard

Q80

Y's profit share is approximately what percentage of the total profit?

hard

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Caselets

What is the final profit-sharing ratio of X, Y, and Z?

Community Discussion & Shortcut Formulas

What is the absolute share of Y in the total profit?

Community Discussion & Shortcut Formulas

What is the difference between the profit shares of X and Z?

Community Discussion & Shortcut Formulas

If Z had joined at the very beginning of the year with the same capital, what would be the new profit-sharing ratio of X, Y, and Z?

Community Discussion & Shortcut Formulas

Y's profit share is approximately what percentage of the total profit?

Community Discussion & Shortcut Formulas