Question

X.Y& Z were partners in a
firm sharing profit in the ratio
5:7:8. Their fixed capital on ist
April 2019 were 3 lakh. 5 lakh
and 7 lakh respectively.
Partnership deed provides-
interest on capital @ 10% per
annum, salary to X 50.000
per annum. Firm earned profit
4,00.000 before provided
the above. Find out the share
of profit of each partner-​

Answer 1

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