Question

 X, Y and Z are partners in a firm sharing profit and losses in the ratio of 6:4:1. X guaranteed a profit of ₹15,000 to Z. The net Profit for the year ending 31st March, 2019 was ₹99,000. X's share in the profit of the firm will be:

(a) ₹30,000

(b) ₹15,000

(c) ₹48,000

(d) ₹45,000

please answer me fast and correctly i mark u as brainliest
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Answer 1

explain this question..?

Answer 2

GIVEN :  Profit of the firm is 99,000 , X : Y: Z = 6: 4 : 1 ; Guarantee given by X to Z is 15,000

TO FIND : X's share in profit

SOLUTION :

As X, Y, and Z are partners who share profit in the ratio of 6 : 4: 1

So, X's share in Profit = 99,000 × $\frac{6}{10}$

                                   = 59,400

Y's share in profit = 99,000 ×  $\frac{4}{10}$

                             =  39,600

Z's share in profit = 99,000 ×  $\frac{1}{10}$

                            =  9,900

As there is a guarnatee given  by X to Z that his profit will not be less than 15,000 and now his profit is only 9,900 so deficiency in his profit will be taken by X shares in profit .

Z profit will be 15,000 and his profit is 9,900 so deficiency is   5,100 .

X shares is 59,400 and we will reduce his share by 5,100 as he has given guarantee .

So now his share in profit =  59,400 - 5,100

                                            =  54,300                        

X's share in profit is 54,300 and Z's share in profit is 15,000 .