Question

A, B and C were partners in the ratio of 3 : 2 : 1. Their capitals were ₹ 5,00,000; ₹ 4,00,000 and ₹ 3,00,000, respectively, and as per the partnership deed, they were entitled to 10% p.a. interest on their capitals. On 31st March 2024, their books reflected a net profit of ₹ 1,20,000. As per partnership deed a salary of ₹ 30,000 each was payable to A and B.

Calculate the ratio in which the profits would be appropriated.

पर्याय

• 5 : 4 : 3

• 3 : 2 : 1

• 8 : 7 : 6

• 8 : 7 : 3

Answer 1

8 : 7 : 3

Explanation:

Interest on Capital:

A = `5,00,000 xx 10/100`

= ₹ 50,000

B = `4,00,000 xx 10/100`

= ₹ 40,000

C = `3,00,000 xx 10/100`

= ₹ 30,000

Particulars	A (₹)	B (₹)	C (₹)
Interest on Capital	50,000	40,000	30,000
Salary	30,000	30,000	-
	80,000	70,000	30,000

Profit is only ₹ 1,20,000 and appropriations are 80,000 + 70,000 + 30,000 = ₹ 1,80,000. As such, profit will be divided in the ratio of appropriations, i.e., 8 : 7 : 3.