B, C and D are partners sharing profits in the ratio of 7:5:4. D died on 30th June, 2017 and profits for the year 2017-18 were Rs 12,000. How much share in profits for the period 1st April, 2017 to 30th June, 2017 will be credited to D's Account?
Answer & explanation
Correct answer: option 1
Profit for entire year 2016-17= Rs 12000
Proportionate profit till June 2016=3/12*12000=3000
Share of D in profit till June 2016=4/16*3000=750