Mahesh and Ramesh share profits and losses in the ratio of 2:1. They admit Rahul as a new partner with 1/4 share in profits with a guarantee that his share of profit shall be at least Rs. 25,000. The net profit of the firm for the year ending March 31, 2025 was Rs. 80,000. What amount will be borne by Mahesh for the deficiency of Rahul's guaranteed profit?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Rs. 3,333
When the old partners guarantee a new partner a minimum profit, they bear any shortfall in the ratio in which they share profits. No single guarantor is named, so Mahesh and Ramesh bear it in 2 : 1.
Rahul's share of profit = Rs. 80,000 × 1/4 = Rs. 20,000
Deficiency = Rs. 25,000 − Rs. 20,000 = Rs. 5,000
Borne by Mahesh = Rs. 5,000 × 2/3 = Rs. 3,333
Borne by Ramesh = Rs. 5,000 × 1/3 = Rs. 1,667
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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