Question

There are two partners in a firm Pandoris admitted into the form for 1/3rd share of profit with the
guaranteed profit of 18.000 pa. The firm's total profit is 7 42,000. If P stood as guarantor of guarantee
profit to R, how much profit would be given to P?
2000
10000
(b) 315,000
(a) 720,000
(c) 10,000
(d) 718,000​

Answer 1

Answer:

Explanation:

is guaranteed a minimum amount of Rs. 10,000 as share of profit every year. Any deficiency arising on that amount shall be met by B. The profits for the two ...