Read the following passage and answer the questions given below.
Ram and Shyam are partners sharing profits in the ratio of 3:2. Their capitals as on 31st March 2022 were ₹500000 and ₹300000 respectively. There is no partnership deed but both partners agreed for the interest on capital @ 5% p.a. and salary to Shyam of ₹25000 annually. On preparing accounts it was found that Interest on capital is omitted and manager's commission was not given which is 5% of the net profit before charging such commission. Profits after Shyam salary was ₹249300.

What will be the profit before Shyam's salary?

₹260585

The correct answer is option 2- ₹260585

Profit for the calculating manager's commission = 249300(profit) + 25000(partner salary)
                                                                     = ₹274300
Manager's commission = 274300 X 5/100
                                 = ₹13715

Profits before Shyam's salary = 249300 + 25000 - 13715
                                           = ₹260585