Question

Mickey, Tom and Jerry were partners in the ratio of 5:3:2. On 31st March 2021, their books reflected a net profit of ₹2,10,000. As per the terms of the partnership deed they were entitled for interest on capital which amounted to ₹80,000, ₹60,000 and ₹40,000 respectively. Besides this a salary of ₹60,000 each was payable to Mickey and Tom. Calculate the ratio in which the profits would be appropriated. (A) 1:1:1 (B) 5:3:2 (C) 7:6:2​

Answer 1

Answer:

7:6:2

Explanation:

7:6:2

Answer 2

Answer:

Explanation:

                                     Mickey                    Tom                             Jerry

Interest on the capital    80000                  60000                         40000

salary                               60000                     60000                        ---

                                                                                                                                   

Total                                140000                     120000                   40000            

Ratio                                    7                                   6                            2                  

Ratio will be  = 7:6:2