Mcq
1. A and B are partners invest capital ₹ 210000 and ₹ 150000 respectively. Firms profit is 180000. What will be share of A in profits.
A. ₹ 90000
B. ₹ 105000
C. ₹ 60000
D. ₹ 75000
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Answer: B 105000
Explanation: If no other information is given in the question it is consider that profit will be divide in the ratio of their capital.
therefor A 2100000 : B 1500000 = 7:5
profit share of A = 7/12×180000 = 105000
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