Question

13. A, B and C are partners in a firm sharing profits in the ratio of 5:3:2. C has been given a guaranteed profits of Rs-40,000 and the deficiency if any will be borne by A and B equally. The firm earned a profit of Rs.80, 000 during the year. Show the distribution of profit.
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Answer 1

Answer:

113

Explanation:

40000 + 80000 =12000.

So the partner a has 40000.

So the partner b has 40000.

So the partner c has 12000 .