Question

Sandya and nella were partners a firm sharing profits and losses in the ratio of 3:2 they admit lalitha for 1/6 share in profits and guaranteed that his share of profits will not be less then 25,000 total profits of the firm were 90000 calculate share of profits for each partner when guarantee is given by sundya and nella equally

Answer 1

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[ here is your answee ]

Given :

Profit sharing ratio = 3:2

So profit of Sandhya =

$90000 \times \frac{3}{5} = 54000$

Profit of Nella =

$90000 - 54000 = 36000$
Profit of Lalitha = 1/6 X 90000 = 15000

So they will both contribute 15000 each
15000 + 15000 = 30000