abhi , sanil and naru are partners in the radio of 5:3:2 before sanil's salary of rs17000 the firm's profit is rs 97000. how much in total will sanil receive from the firm.
Answers
Answer:
Total Amount received by Sanil from the firm is = 46,100.
Explanation:
Net Profit of the year is = 97,000
97,000 will be shared among the partners in their profit sharing ratio i.e., 5:3:2
A's share is profit = 97,000 × 5/10 = 48,500
S's share in profit = 97,000 × 3/10 = 29,100
N's share in profit = 97,000 × 2/10 = 19,400
According to the question sanil is to get Rs. 17,000 as his salary.
So, the total amount credited to his A/c is:
Salary + His share of profit =
17,000 + 29,100 = 46,100
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Explanation:
Solution :
★ Profit Sharing Ratio :
Abhi : Sanil : Naru = 5:3:2
- Abhi's Share = 5/10
- Sanil's Share = 3/10
- Naru's Share = 2/10
Total amount Sanil will receive from the firm as his share of profit = Salary + Share of profit
- Salary of Sanil = Rs. 17,000
• Profit of firm (Before Sanil’s salary) = Rs. 97,000
• After salary profit :
97,000 - 17,000
80,000
After salary profit : 80,000
• Share of Sanil :
80,000 × (3/10)
24,000
★ Total amount received by Sanil = Salary + Share of profit
17,000 + 24,000
41,000
Total amount received by Sanil = Rs. 41,000
Therefore,
Sanil will receive Rs. 41,000 from the firm.