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Question
Deepa and Pia are in partnership sharing profits and losses in the ratio of 3 : 2. They admit Charu as a partner for a `1/5` share in the profits. The capitals of Deepa and Pia, before adjusting the loss of ₹ 5,000 on revaluation of assets and liabilities, are ₹ 30,000 and ₹ 20,000 respectively. It is decided that Charu will contribute 25% of the combined capitals of Deepa and Pia. What is Charu’s capital contribution?
Numerical
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Solution
Capital of Deepa = ₹ 30,000
Capital of Pia = ₹ 20,000
Loss on Revaluation = ₹ 5,000
Total capital of Deepa and Pia = ₹ (30,000 + 20,000)
= ₹ 50,000
Total adjusted capital of Deepa and Pia = 50,000 − 5,000
= ₹ 45,000
Capital contributed by Charu = `45,000 xx 25/100`
= ₹ 11,250
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