Question

Ram and Shyam are partners of a firm. Their capital ratio is 3 : 1. Ram has to be paid a commission of
8 % on net profit after charging such commission. If profit of the firm is 1.56.600 for the year ended
on 31-3-'17 then how much total amount will Ram received​

Answer 1

Answer:

156600 × 8 ÷ 108

Commision of Ram = 11600

Profit = 156600 - 11600

Distributable profit = 145000 (3:1)

Ram = 145000 × 3 ÷ 4 = 108750

Total amount received by Ram = 108750 + 11600= 120350