Question

Q 13: There are two partner in 2a firm P and Q. R is admittedinto the firm for 1/3 share ofprofit with the guaranteedprofit of 18,000 p.a. The firmstotal profit is Rs.42,000. If Pstood as guarantor ofguaranteed profit to R, howmuch profit whould be givento P?20,000O 15,000O 10,000O 18,000​

Answer 1

Answer:

10000

Explanation:

Distribution of Profit among three partners:

42000/3 ( equal profit loss sharing ratio)

= 14000

P Guranteed R that he will get 18000 as profit...but he is getting only 14000....

therefore P will give 4000 (18000-14000) to R.

Therefore Profit of P would be-

14000 - 4000 = 10000..

Hope it helps