Padma and kumud sharing profit and loss in the ratio of 3:2
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Padma and kumud share profit and loss in the ratio of 3:2.
Through this statement,
It can be said that a business is being run by two partners namely Padma and Kumud. And their profit sharing ratio is 3:2.That means the profit that the business may earn in a financial year shall be divided such that the Padma gets three parts and Kumud gets two portions when the total division of profit is in 5 parts.
For example, If the total profit earned during the year is Rs 10,00,000. Then it shall be divided into a total of 5 parts such that, 3 out of them are Padma's and 2 are of Kumud.
Therefore,
Total Profit = Rs.10,00,000
Padma's Share = 3/5 * 10,00,000
Padma's Share = 6,00,000
Similarly,
Kumud's Share = 2/5 * 10,00,000
Kumud's Share = 4,00,000
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