Question

7. Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3:2:1. Navia dieu ull
30th June, 2017. Her share of profit for the intervening period was based on the sales during that period,
which were 36,00,000. The rate of profit during the past four years had been 10% on sales. The firm closes
its books on 31st March every year.
(CBSE 20191​

Answer 1

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Answer 2

Calculation of Navita's share of profit.

Explanation:

Sales till Navita's death = 36,00,000

Profit till Navita's death = 10% of sales

                                       = $\frac{10}{100}$ × 36,00,000

                                       = 36,000

Profit sharing Ratio-

Dinkar : Navita : Vani  ⇒ 3 : 2 : 1

Navita's share = $\frac{2}{6}$ × 36,000

                        = 12,000

Thus, Navita's share of profit is Rs. 12,000.