Amit, Ritu and Zara are in partnership, sharing profits and losses in the ratio of 3:2:1 respectively. Zara's share in the profit is guaranteed by Amit and Ritu to be a minimum of Rs. 8,000. The net profit for the year ended March 31, 2025 was Rs. 30,000. Choose the correct statements from the following:
A. Amit's share of profit is Rs 13,200
B. Ritu's share of profit is Rs 8,800
C. Amit's share of profit is Rs 12,300.
D. Ritu's share of profit is Rs 10,000.
Choose the correct answer from the options given below:
Amit, Ritu and Zara are in partnership, sharing profits and losses in the ratio of 3:2:1 respectively. Zara's share in the profit is guaranteed by Amit and Ritu to be a minimum of Rs. 8,000. The net profit for the year ended March 31, 2025 was Rs. 30,000. Choose the correct statements from the following:
A. Amit's share of profit is Rs 13,200
B. Ritu's share of profit is Rs 8,800
C. Amit's share of profit is Rs 12,300.
D. Ritu's share of profit is Rs 10,000.
Choose the correct answer from the options given below:
Solution
Normal shares: Amit , Ritu , Zara .
Zara's guaranteed minimum is , so deficiency , borne by Amit and Ritu in , that is and .
Amit ; Ritu .
Hence A and B are correct.
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