Question

A partner introduced additional capital of Rs.30,000 and advanced a loan of Rs.40,000 to the firm at the beginning of the year. Partner will receive year's interest

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itni mehnat​

Answer 1

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Profit after P's salary = Profit before P's salary - Salary of P

Profit after P's salary = Rs. 5,70,000 - Rs. 70,000

Profit after P's salary = Rs. 5,00,000

So,

Distributable Profit = Profit after P's salary

Distributable Profit = 5,00,000

Now,

This profit will be distributed among P, Q and R in the ratio 5 : 3 : 2.

Share of Profit of P = 5/10 = ½

So,

Amount of Profit received by P = ½ of Rs. 5,00,000

Amount of Profit received by P = ½ × Rs. 5,00,000

Amount of Profit received by P = Rs. 2,50,000

Again,

• Salary of P = Rs. 70,000

Hence,

Total Amount received by P from the firm = Amount of Profit received by P + Salary of P

⇒ Total Amount received by P from the firm = Rs. 2,50,000 + Rs. 70,000

Total Amount received by P from the firm = Rs. 3,20,000