Question

a,b and c are partners .a's capital is 300000 and b's capital is 100000 .c has not invested any amount as capital but he alone manages the whole business . c wants 30000 per annum as salary .firm earned a profit of 150000. how much will be each partners share of profit from basic concepts chapter 2

Answer 1

Answer:

A = 40,000

B = 40,000

C = 70,000

Explanation:

The Total profit remaining after giving salary to C is 1,20,000

In the question it is not marked that the profit will e shared in the ratios of their Capitals so 1,20,000 will be shared equally by all the 3 partners.

So A's Profit will be 40,000 1,20,000 4 that equal to

same goes for partner B

and For C It will be 40,000 +30,000 = 70,000 (SALARY P.A.)

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