Question

Ramesh and Suresh are partners sharing profits in the ratio of 2 : 1 respectively. Ramesh Capital is ₹ 1,02,000 and Suresh Capital is ₹ 73,000. They admit Mahesh and agree to give him a `1/5`th share in future profit. Mahesh brings ₹ 14,000 as his share of goodwill. He agrees to contribute capital in the new profit-sharing ratio. How much capital will be brought by Mahesh?

पर्याय

• ₹ 43,750

• ₹ 45,000

• ₹ 47,250

• ₹ 48,000

Answer 1

₹ 47,250

Explanation:

Ramesh’s Capital = ₹ 1,02,000

Suresh’s Capital = ₹ 73,000

Mahesh’s share of profit = `1/5`

Remaining share for Ramesh and Suresh = `1 - 1/5`

= `4/5`

Combined adjusted capital of Ramesh and Suresh = 1,02,000 + 73,000 + 14,000

= `` 1,89,000

This combined adjusted capital of ₹ 1,89,000 represents the `4/5` share of the total capital of the new firm.

Total Firm Capital = `1,89,000 xx 5/4`

= 2,36,250

Mahesh’s capital contribution is determined by his `1/5` share in the total capital of the new firm.

Mahesh’s capital = `2,36,250 xx 1/5`

= 47,250