What will be the share of a deceased partner, whose ratio was 1/4, if the turnover in the year of death till the date of death was ₹8,00,000 and in the previous year was ₹20,00,000? Profit in the previous year was ₹4,00,000.

₹40000

Profit of last year = 400000/2000000 X 100
                          = 20%
Share of deceased partner = 800000 X 20/100 X1/4
                                        = ₹40000