Question

Vidit and Seema were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their capitals were 1,20,000 and 2,40,000, respectively. They were entitled to interest on capital @ 10% p.a. The firm earned a profit of 18,000 during the year. Calculate interest on Vidits capital​

Answer 1

"12000"

Explanation:

Capital of Vidit : 120000

Rate of interest on capital = 10%

Therefore,

           Interest on Capital of Vidit = 120000 x 10/100 = 12000

             12000 is capital interesst of Vidit