Question

A and b purchases a piece of land for rs. 2,00,000 and sold it for rs. 6,00,000. Originally a has contributed rs. 1,20,000 and b rs 80,000. What will be profit share of a?

Answer 1

Answer:

Profit Share of A is 2,40,000

Step-by-step explanation:

Here,

A and B purchased land for 2,00,000

A - 1,20,000 and B - 80,000

So based on this the profit sharing ratio is 12:8 which on simplification we get 3:2

So on sale, the profit is 6,00,000 - 2,00,000 = 4,00,000

So, based on ratio 4,00,000 × 3:2

gives,

Profit for A - 2,40,000

Profit of B - 1,60,000