Read the following passage and answer the question.

Rita, Sudha, and Nitu decided to do transport business in partnership. For this purpose, they did not prepare any deed. They introduced their capitals, ₹50,000, ₹60,000 and ₹40,000 respectively and commenced business from 1st April. On the same date, Nitu also provided ₹15,000 as a loan to the firm on the requirement. At the end of the first financial year, the firm earned a net profit of ₹10,000 (excluding interest on loan). Nitu asked for interest on the loan at 10% p.a, while Sudha asked for interest on capital at 5% p.a. But for both terms, Rita did not agree. 

Calculate divisible profit from above information.

₹9,100

The correct answer is option 4- ₹9,100.

Interest is charge against profit so it will be debited to profit and loss account.
Interest on loan = 15,000 x 6/100
                        = ₹900

*Interest is provided @ 6 % p.a. not the demanded rate by the partner because in the absence of partnership deed it is provided @ 6% p.a.

* Divisible profit comes out from the profit and loss appropriation account. So to calculate the divisible profit interest is deducted from net profit.

* No interest on capital is provided as there is no agreement regarding it.

So, divisible profit = Net profit - Interest on loan
                           = 10,000 - 900
                           = 9,100