Question

Ishan, Kabir and Rajveer are partners sharing profits in the ratio of 2 : 2 : 1. On 30th June, 2026, Rajveer died. Accounts are closed on 31st March every year. Sale for the year 2025-26 was ₹ 6,00,000, and the profit was 60,000. Sale for the period from April, 2026, to 30th June, 2026 was 2,00,000. The share of the deceased partner on the basis of sales will be ______.

पर्याय

• ₹ 10,000

• ₹ 6,000

• ₹ 4,000

• ₹ 5,000

Answer 1

Ishan, Kabir and Rajveer are partners sharing profits in the ratio of 2 : 2 : 1. On 30th June, 2026, Rajveer died. Accounts are closed on 31st March every year. Sale for the year 2025-26 was ₹ 6,00,000, and the profit was 60,000. Sale for the period from April, 2026, to 30th June, 2026 was 2,00,000. The share of the deceased partner on the basis of sales will be ₹ 4,000.

Explanation:

The firm earned a profit of ₹ 60,000 on a turnover of ₹ 6,00,000 last year.

Profit Percentage = `(60,000)/(6,00,000) xx 100`

= 10%

Applying this 10% profit rate to the current year’s sales up to Rajveer's death (₹ 2,00,000):

Total Profit for 3 months = `2,00,000 xx 10/100`

= ₹ 20,000

Rajveer’s profit-sharing ratio = `1/5`

Rajveer’s Share = `20,000 xx 1/5`

= ₹ 4,000