Practicing Success
Practicing Success
CUET Preparation Today
| "L,M, N and P are the partners sharing profit in the ratio 4:3:2:1. N died on 30th June 2021. Profits for the last 4 previous years were, 1,20,000, 50,000, 80,000 and 70,000 respectively. How much amount will be paid to deceased partner?" |
16,000
20,000
4,000
64,000
|
| 4,000 |
| "Average Profit = 120000+50000+80000+70000 = 3,20,000/4 = 80,000 Profit for the current year till 30th June = 80,000 * 3 /12 = 20,000 Deceased Partner's share = 20,000 * 2/10 = 4,000" |
