Question

37. Ram and Shyam are partners in the ratio of 3 : 2. Before profit distribution,
Ram is entitled to 5% commission of the net profit (after charging such
commission). Before charging commission, firm's profit was 42,000,
Shyam's share in profit will be:​

Answer 1

Answer:

24000 ans...........

Answer 2

Explanation:

Solution :

Ratio of Ram and Shyam = 3 : 2

Ram : Shyam = 3 : 2

Ram's share = 3/5

Shyam's share = 2/5

Before profit distribution,

Ram's Commission = 5% of of the net profit (after charging such commission)

firm’s profit = Rs. 42,000

Ram's Commission = Net profit before commission × (Rate/100 + Rate)

= 42,000 × (5/(100 + 5))

= 42,000 × (5/105)

= 2,000

Ram's Commission = Rs. 2,000

= 42,000 - 2,000

= Rs. 40,000

Shyam's share = 2/5

= 40,000 × (2/5)

= 16,000

Shyam's share = Rs. 16,000

Hence, Shyam’s share in profit will be Rs. 16,000