simran and reema are partner sharing profits in the ratio 3:2 their capital as on 31 march,2018 were as
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The ratio of Profit sharing between Simran and Reema is 3 : 2
For Example :
The profit Simran and Reema earn is Rs. 15,000.
So, Share of Simran and Reema is :
3x + 2x = 15,000
5x = 15,000
x = 3,000
Share of Simran is 3x = 3 (3,000) = 9,000
Share of Reema is 2x = 2 (3,000) = 6,000
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