If X share of profit was to be calculated on the basis of Average Profit of the last three years, which were Rs. 1,36,000 for 2018-19, Rs. 1,54,000 for 2019-20 and Rs. 1,00,000 for 2020-21. X share of profit for the period from April 01, 2020 to June 30, 2020 shall be calculated on the basis of Average Profit. The profit sharing ration is 4 : 5 : 1 between X, Y and Z. His share of profit will be:

Question

Option 1: Rs. 26,000

Option 2: Rs. 13,000

Option 3: Rs. 10,000

Option 4: Rs. 12,000

AfterBoards · Accepted Answer

The answer is 'Rs. 13,000'. View full solution:

CUET Accountancy 2022 20 Aug Shift 2 PYQs

Keyboard Shortcuts