Question

20. Subhash and Vijay are partners having capitals 4,000 and 2,000 respectively. They
admit Radharaman on the condition that his capital will be 1/4 of the joint capital of all
the partners. On his admission he paid 1,500 for goodwill
. Find the capital of
Radharaman.
​

Answer 1

Answer:

adjusted capital of old partners

subhash = 4000 + 750 = 4750

vijay = 2000 + 750 = 2750

total capital = (4750+2750) × 1/4 = 1875