Q16 of 27 Page 202

Let us write whether the following statements are true or false:

(i) At least 3 persons are needed in partnership business.


(ii) Ratio of capital of Raju and Ashif in a business is 5:4 and if Raju gets profit share of ₹80 of total profit, Ashif will get profit share of ₹100.

(i) False

A business partnership always needs two or more people.


(ii) False


Ratio of profit share of Raju and Ashif respectively = 80 : 100


= 4 : 5


We know that ratio of profit share is equal to ratio of capital invested.


Thus, the above statement is false.


More from this chapter

All 27 →
16

Amal and Bimal started a business. Amal invested ₹500 for 9 months and Bimal invested some money for 6 months. If they make a profit of ₹69 in a year and Bimal gets profit share of ₹46. The capital of Bimal in the business is

 16

Pallabi invested ₹500 for 9 months and Rajiya invested ₹600 for 5 months in a business. The ratio of their profit share will be

 16

Let us fill in the blanks:

(i) Partnership business is _______types.


(ii) Without any other conditions in partnership business if the capitals of all the partners are invested for the same time, then such a business is called______.


(iii) Without any other conditions in partnership business, if the capitals of all the partners are invested for different time period, then such a business is called ______.

 17

In partnership business the ratio of capitals of Samir, Idrish and Antorny are as If they make a profit of ₹3700 at the end of the year, let us write by calculating profit share of Antony.