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 Deepti 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
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Case I - Rs 500 each by Pinki and Deepti, Case II - Rs 0 each by Pinki and Deepti
Kaku’s share is first worked out in the profit sharing ratio; only if it falls below the guaranteed Rs. 5,000 do Pinki and Deepti make up the shortfall, here equally.
Case I — profit Rs. 40,000
Kaku’s share = 40,000 × 1/10 = Rs. 4,000
Deficiency = 5,000 − 4,000 = Rs. 1,000
Borne equally = Rs. 500 each by Pinki and Deepti
Case II — profit Rs. 60,000
Kaku’s share = 60,000 × 1/10 = Rs. 6,000, more than the guarantee
Deficiency = nil, so Pinki and Deepti bear Rs. 0
NCERT (2026-27 edition):
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