The capital of X and Y are 20000 and 4000
respectively. X is entitled to be paid a salary of
1200 per annum being a working partner. If the
gross profit for 1 year is 1800. Then the shares in
the profits are respectively
Answers
Given : The capital of X and Y are 20000 and 4000 respectively.
X is entitled to be paid a salary of 1200 per annum being a working partner. If the gross profit for 1 year is 1800.
To Find : Then the shares in the profits are respectively
Solution:
Case 1 : Profit 1800 is before the salary of X
Then Salary of X = 1200
Remaining Profit = 1800 - 1200 = 600
X share = (2000/24000) 600 = 500
Y Share = 100
Case 2 : Profit 1800 is after the salary of X
X share = (2000/24000) 1800 =1500
Y Share = 300
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