Pinki, Deepti and Kaku are partner's sharing profits in the ratio of 5:4:1. Kaku is given a guarantee that his share of profits in any given year would not be less than Rs 5000. Deficiency, if any, would be borne by Pinki and Deepu equally. Calculate the deficiency assumed by Pinki and Deepti for each case separately if profits for the year were:- Case I - Rs 40,000 or Case II - Rs 60,000 |
Case I - Rs 500 each by Pinki and Deepti Case II - RS 0 each by Pinki and Deepti Case I - RS 0 each by Pinki and Deepti Case II - Rs 500 each by Pinki and Deepti Case I - Rs 1000 each by Pinki and Deepti Case II - Rs 500 each by Pinki and Deepti Case I - Rs 500 each by Pinki and Deepti Case II - Rs 100 each by Pinki and Deepti |
Case I - Rs 500 each by Pinki and Deepti Case II - RS 0 each by Pinki and Deepti |
The correct answer is Option (1) → Case I - Rs 500 each by Pinki and Deepti |