Question

13. Sanjeev and Rajeev started a business investing ₹ 30,000 and ₹50,000, respectively. What percentage of the
annual profit should be given to each of them?​

Answer 1

Answer:

As they have entered into a partnership

So, according to the partnership deed of The Indian Partnership Act,1932

If nothing would be mentioned in the deed regarding sharing of profits in a specified ratio

It would be shared in the ratio of 1:1

So the percentage would be 50-50%