Question

Ravi and ramu started a business initially with ₹120,000 and ₹135,000respectively. If the the total profits at the end of the year isv₹76500. What is ravi's share in the profit?

Answer 1

Step-by-step explanation:

if the profit sharing ratio is 1:1 the Ravi's share is 76,500×1/2 = 38,250

if the profit sharing ratio is is proportionate to capital employed by each partner, then profit sharing ratio is 8:9

Ravi's share = 76,500×8/17=36,000