Question

Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3:2:1. Navia died
30th June 2017. Her share of profit for the intervening period was based on the sales during that perio
which were 36,00,000. The rate of profit during the past four years had been 10% on sales. The firm clos
its books on 31st March every year.
Calculate Navita's share of profit
Kumar Verma and Naresh were partners in a form sharing Profe and Loss in the tabo of 3:2:2​

Answer 1

Answer:

Explanation:

Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3:2:1.

The rate of profit during the past four years had been 10% on sales.

Navita 's share will be 2/6

Profit of the firm till Navita 's death  = 10 %  of 3600000 = 360000

Navita's share = 360000 * 2/6= 120000