Question

A and B are a partners in a firm sharing profit
and loss in the ratio of 3 : 2. If the profit of
2020 is Rs. 6,00,000 distribute it between
them

Answer 1

Answer:

Sum of ratio = 3 + 2 = 5

A's share = 3 × (6,00,000/5)

=> 3 × 1,20,000 = 3,60,000

B's share = 2 × (6,00,000/5)

=> 2 × 1,20,000 = 2,40,000

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