Practicing Success
In a firm, D was admitted as a new partner, it was decided that he will bring proportionate capital so as to give him 1/6th share in the profits of the firm. Adjusted capital of A, B, and C are 81,000, 44,000, and 22,000 respectively. Calculate D's share of capital. |
₹29,400 ₹1,76,400 ₹1,47,000 ₹24,500 |
₹29,400 |
The correct answer is option 1- ₹29,400. Total Capital of new firm = 81,000 + 44,000 + 22,000 Total capital of the firm = 1,47,000*6/5 D's Capital = 1,76,400 x 1/6 |