X,Y and Z are three partners sharing profit and loss in the ratio of 3:2:1. The firm took joint life policy of Rs.30,000 for X,Rs.20,000 for Y and Rs.10,000 for Z. What is the share of Z in the Joint Life policy?

Rs.30,000

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Rs.15,000

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Rs.10,000

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Rs.20,000

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Solution

The correct option is C Rs.10,000
partner sharing ratio is=3:2:1
total amount of Joint life policy =60000
Z share is =60000*1/6=100000

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X,Y and Z are three partners sharing profit and loss in the ratio of 3:2:1. The firm took joint life policy of Rs.30,000 for X,Rs.20,000 for Y and Rs.10,000 for Z. What is the share of Z in the Joint Life policy?

The correct option is C Rs.10,000partner sharing ratio is=3:2:1total amount of Joint life policy =60000 Z share is =60000*1/6=100000

The correct option is C Rs.10,000
partner sharing ratio is=3:2:1
total amount of Joint life policy =60000
Z share is =60000*1/6=100000