Question

Read the following text and answer the given question:

Chandrika and Tara are in partnership with Capitals of ₹ 30,00,000 and ₹ 20,00,000 respectively. Business is being carried from the property owned by Tara on a monthly rent of ₹ 10,000. Chandrika is entitled to a salary of ₹ 15,000 per quarter and Tara a salary of ₹ 5,000 per month.  Manager is entitled to a commission of 10% of profit before charging such commission. Net Profit for the year ended 31st March 2024 before any of the above adjustments was ₹ 10,00,000.

Share of Profit will be ______.

Options

• Chandrika ₹ 3,40,000 and Tara ₹ 3,40,000

• Chandrika ₹ 3,36,000 and Tara ₹ 3,36,000

• Chandrika ₹ 4,03,200 and Tara ₹ 2,68,800

• Chandrika ₹ 4,08,000 and Tara ₹ 2,72,000

Answer 1

Share of Profit will be Chandrika ₹ 3,36,000 and Tara ₹ 3,36,000.