Somya, Rytham and Divesh are partners sharing profits in the ratio 3 : 2 : 1. Divesh is given the guarantee of his share of profit to be not less than Rs. 60,000 per year. The profit for the year is Rs. 3,00,000. How will the profit be divided among them?

It is the correct answer. Divesh's share as per profit ratio = 1/6 * 3,00,000 = Rs. 50,000 But he will be given a minimum of Rs. 60,000 as per guarantee. The excess, i.e. Rs. 10,000 given to him will be borne by the other partners in their profit ratio, i.e. 3 : 2. Thus, they will get profit (3/6 * 3,00,000 - 3/5 * 10,000) and (2/6 * 3,00,000 - 2/5 * 10,000) respectively.