A, B and C are partners. A’s capital is ₹3,00,000 and B’s capital is ₹1,00,000. C has not invested any amount as capital but he alone manages the whole business. C wants RS30,000 p.a. as salary. Firm earned a profit of ₹1,50,000. How much will be each partner’s share of profit:
A. A ₹60,000; B ₹60,000; C ₹Nil
B. A ₹90,000; B ₹30,000; C ₹Nil
C. A ₹40,000; B ₹40,000 and C ₹40,000
D. A ₹50,000; B ₹50,000 and C ₹50,000.
Answer:D
A, B and C are partners. A’s capital is ₹3,00,000 and B’s capital is ₹1,00,000. C has not invested any amount as capital but he alone manages the whole business. C wants RS30,000 p.a. as salary. Firm earned a profit of ₹1,50,000. How much will be each partner’s share of profit:
A. A ₹60,000; B ₹60,000; C ₹Nil B. A ₹90,000; B ₹30,000; C ₹Nil C. A ₹40,000; B ₹40,000 and C ₹40,000 D. A ₹50,000; B ₹50,000 and C ₹50,000.