A, B and C are partners in a firm in the ratio 3:2:1. B retires on 31/08/2014. The sales of the firm up to 31/08/2014 were Rs.15,00,000. The net profit ratio of the business is 20% based on last year's profits of Rs. 6,00,000 on sales of Rs.30,00,000. The financial year of the firm is from April to March. Calculate the share of B's profits up to the date of his retirement.

None of the above

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Rs 83,333.33

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Rs 50,000

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Rs 100000

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Solution

The correct option is B
Rs 83,333.33

Approximate profit up to 31/8/2014
= 15,00,000 * 20% = Rs 3,00,000

B's share in profits = $R s 3, 00, 000 \times \frac{2}{6} = R s 1, 00, 000$

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The correct option is B Rs 83,333.33 Approximate profit up to 31/8/2014 = 15,00,000 * 20% = Rs 3,00,000 B's share in profits = Rs 3,00,000×26=Rs 1,00,000

The correct option is B
Rs 83,333.33

Approximate profit up to 31/8/2014
= 15,00,000 * 20% = Rs 3,00,000

B's share in profits = $R s 3, 00, 000 \times \frac{2}{6} = R s 1, 00, 000$