Mohit and Rohan share profits and losses in the ratio of 3:1. They admit Rahul and Meena as partners with 1/4 share each in the profits with a guarantee that Rahul's share of profit shall be at least Rs. 60,000. Any deficiency in the share will be borne by Mohit and Rohan in their profit sharing ratio. The net profit of the firm for the year ending March 31, 2025 was Rs. 2,00,000. Find the share in deficiency borne by Mohit.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Rs. 7,500
Rahul and Meena get 1/4 each. Where a partner is guaranteed a minimum profit, the deficiency is borne by the partners who gave the guarantee, here Mohit and Rohan in their ratio 3 : 1. Meena gave no guarantee, so she bears none of it.
Rahul’s share of profit = 1/4 × Rs. 2,00,000 = Rs. 50,000
Deficiency = Rs. 60,000 − Rs. 50,000 = Rs. 10,000
Mohit’s share of the deficiency = 3/4 × Rs. 10,000 = Rs. 7,500
Rohan’s share = 1/4 × Rs. 10,000 = Rs. 2,500
Note: NTA picked this question from an NCERT (2026-27) illustration and changed the figures. Do not ignore NCERT while practising numericals.
NCERT (2026-27 edition):
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