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Question
A, B and C are partners sharing profits in the ratio of 5 : 3 : 2. As per agreement, C is to get a minimum amount of ₹ 1,00,000 as his share of profit. The net profit for the year ended 31st March, 2019 amounted to ₹ 4,00,000. Amount contributed by A will be ______.
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Solution
A, B and C are partners sharing profits in the ratio of 5 : 3 : 2. As per agreement, C is to get a minimum amount of ₹ 1,00,000 as his share of profit. The net profit for the year ended 31st March, 2019 amounted to ₹ 4,00,000. Amount contributed by A will be ₹ 12,500.
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