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2. There are two partners in a firm Pand Q. R is admitted into the firm for1/3 rd share of profit with theguaranteed profit of Rs 18,000 p.a.The firm's total profit is Rs 42,000. IfP stood as guarantor of guaranteedprofit to R, how much profit would begiven to P? |
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Answer» share of R in PROFIT = 42,000×1/3 = 14,000 share of P = 42,000-14,000×1/2 = 14,000 share of Q = 42,000-14,000×1/2 = 14,000 guaranteed to R = 18,000 actual share RECEIVED = (14,000) deficeincy = 18,000-14,000 = 4000 share of P = 14,000-4000 = 10,000 share of Q = 14,000 share of R = 18,000 |
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