Ramesh and Suresh are partners sharing profits in the ratio of 2:1 respectively. Ramesh’s capital is Rs.102000 and Suresh capital is Rs.73000. they admit Mahesh and agreed to give him 1/5th share in future profit. Mahesh brings Rs.14000 as his share of goodwill. He agrees to contribute capital in the new profits sharing ratio. How much capital will be brought by Mahesh?
A. 43750
B. 45000
C. 47250
D. 48000
Answer:C
Ramesh and Suresh are partners sharing profits in the ratio of 2:1 respectively. Ramesh’s capital is Rs.102000 and Suresh capital is Rs.73000. they admit Mahesh and agreed to give him 1/5th share in future profit. Mahesh brings Rs.14000 as his share of goodwill. He agrees to contribute capital in the new profits sharing ratio. How much capital will be brought by Mahesh?
A. 43750 B. 45000 C. 47250 D. 48000