Question

Q1 A partnership firm earned net profits during the last three years as follows:
2017-18:Rs. 1,90,000 2018-19 : Rs. 2,20,000 2019-20 : Rs. 2,50,000
The capital employed in the firm throughout the above mentioned period has been 4,00,000. Having regard to the risk involved 15% is considered to be a fair return on the capital. The remuneration of all the partners during this period is estimated to be 1,00,000 per annum.​

Answer 1

Answer:

total profit is t78

Explanation:

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Answer 2

Answer:

Total profit is 78..........