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Mumtaz, Badia and Ilya Are Partners in a Business Partnership

Question 65

Multiple Choice

Mumtaz, Badia and Ilya are partners in a business partnership, called MBI. Mumtaz contributes $15,000 to the business, Badia contributes $10,000 and Ilya contributes $5,000. The partners agree among themselves that they will share partnership profits and losses in proportion to their contributions. In addition, the partnership borrows $30,000 from the bank. The business doesn't work out, and MBI is unable to repay the loan. Mumtaz pays the bank $30,000. How much can she recover from Ilya?


A) nothing
B) $5,000
C) $10,000
D) $15,000
E) $30,000

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