X,y,z are three partner in a firm sharing profit and losses in 2:2:1. X does on 1st April 2016 . Profit for last year ended 31st december 2015 was ₹21000. Calculate x share of profit on the basis of previous year profit. .
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Explanation:
x, y, z
2:2:1
x does on 1st April 2016.
profit for last year ended 31st December 2015 was Rs.21000
therefore:
find X share of profit on the basis of :
ration of x is 2/5
so
x= 21,000×2/5
= 8,400.
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