A and B are partners sharing profits and losses in the ratio of 3:2 hav
the capital of 80,000 and 50,000 respectively. They are entitle
10% p.a. interest on capital before distributing the profits. During
vear, the firm earned 17,800 before allowing any interest on ca
Profits apportioned among them excluding interest will be:
a) * 2,880 and 1,920
(b) 8,800 and 8,800
c) 8,000 and 5,000
(d) None of the above.
Answers
Answered by
0
Answer:
Sorry I didn't know that answer but I hope you are doing well too because the answer is to long
Answered by
2
Answer:
a) 2880 and 1920
Explanation:
total capital= 80000+50000= 130000
10% pa interest in capital= 130000*10%
= 13000
now capital is = 130000-13000= 117000
earning= 17800
profit= 17800-13000= 4800
profit ratio=3:2
profit of A= (4800*3)/3+2= 2880
profit of B= (4800*2)/3+2= 1920
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