Question

calculation of Profit of a Deceased Partner
1. Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3:2:1. Navita died on
30th June, 2017. Her share of profit for the intervening period was based on the sales during that period,
which were *6,00,000. The rate of profit during the past four years had been 10% on sales. The firm closes
its books on 31st March every year.
Calculate Navita's share of profit:
(CBSE 2019)
Kumar Varma and Naresh were partners in a firm sharing Profit and Loss in the ratio of 3:2:2. On​

Answer 1

Answer:

Explanation:

Dinker : Navita : Vani = 3:2:1

Navita died on 30 june 2017

Profit for three month on sales = 6,00,000 ×  10 /100

                                                   = Rs.60,000

Navita's share = 2/6 * Rs 60000

                       = Rs.20000.