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Standard XII

Accountancy

Adjustment in Partner's Capital A/c (Retirement)

Anil and Nikh...

Question

Anil and Nikhil started a business with investing Rs.3300 and Rs. 5000 respectively. If they earned profit of 1660 then what will be Anil's share?

640

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650

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655

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660

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Solution

The correct option is D 660
$R a t i o o f i n v e s t m e n t o f A n i l a n d N i k h i l = 3300 : 5000 = 33 : 50 P r o f i t w i l l b e s h a r e d i n t h e s a m e r a t i o a s a m o u n t i n v e s t e d . l e t k b e t h e p r o p o r t i o n a l i t y c o n s t a n t, t h e n 33 k + 50 k = 1660 ∴ k = (\frac{1660}{83}) = 20 ∴ A n i l^{'} s s h a r e = 33 k = 33 \times 20 = 660 R s$

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Anil and Nikhil started a business with investing Rs.3300 and Rs. 5000 respectively. If they earned profit of 1660 then what will be Anil's share?

The correct option is D 660RatioofinvestmentofAnilandNikhil=3300:5000=33:50Profitwillbesharedinthesameratioasamountinvested.letkbetheproportionalityconstant,then33k+50k=1660∴k=(166083)=20∴Anil′sshare=33k=33×20=660Rs