Question

p and s are partners sharing profits in the ratio of 3:2.their books showed goodwill at 20000 r ​

Answer 1

Answer:

P made a profit of 12,000r and S made a profit of 8,000r

Explanation:

Two partners = p and s

Ratio= 3:2

Sum of the ratio= 3+2 = 5

Goodwill of book= 20000r

Therefore, Profit made by p = 3/5 × 20000r= 12000r

Profit made by s= 2/5 × 20000r= 8000r

Ans: P made a profit of 12,000r and S made a profit of 8,000r