Question

A, B and C are partners whose capital are 15,000; * 7,500 and 3,000 respectively. They
are allowed interest on capital @ 5%. Before providing interest on capital the profit of the
year is 1,500. Clarify how they will distribute the profit ?
(i) When interest on capital is given and profit is shared equally.
(ii) When interest on capital is not given and profit is distributed in the ratio of capital.​

Answer 1

Answer:

I)is a=4572

b=4572

c=4572

approx