Question

Amita, Shivani and Tarush were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. Tarush’s share of profit at the end of the year amounted to ₹ 1,80,000. Amita’s share of profit at the end of the year was ______.

Options

• ₹ 2,70,000

• ₹ 3,60,000

• ₹ 1,80,000

• ₹ 2,00,000

Answer 1

Amita, Shivani and Tarush were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. Tarush’s share of profit at the end of the year amounted to ₹ 1,80,000. Amita’s share of profit at the end of the year was ₹ 3,60,000.

Explanation:

1. Tarush’s ratio is 2, and his profit is ₹ 1,80,000.

Value of 1 share = `(1,80,000)/2`

= 90,000

2. Calculate Amita’s Share:

Amita’s ratio is 4

Amita’s profit = 4 × 90,000

= 3,60,000