Multiple choice

A, B and C were partners sharing profits in the ratio 3 : 2 : 1. According to partnership deed, the share of profit on the death of partner is to be calcualated on the basis of sales and profit of previous year. A died after 3 months in the current year and sales till date was Rs. 2, 00,000. The sales and profit of previous year were Rs. 10, 00,000 and Rs. 3, 00,000 respectively. Calculate A's share in profit.

  1. Rs. 20,000

  2. Rs. 10,000

  3. Rs. 30,000

  4. Rs. 7,500
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit ratio = 3, 00,000/10, 00,000 * 100 = 30% So, share will be 2, 00,000 * 30% * 3/6 = Rs. 30,000, i.e. correct answer.

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