Question

P Q AND R are partners in a firm sharing profits in the ratio of 3:2:1 Ris guaranteed that his shares of profit will not be less than Rs 70,000 any deficiency will be brone by P and Q in the ratio of 2:1 firms profit was rs 2,40,000 share of p will be

Answer 1

Answer:

R is guaranteed that his share of profit in any year will not be less than Rs. 50000 . ... Q's share - 3,50,000*4/10 = 1,40,000.