1.

Anukalp and Karan are partners with the capital of \( ₹ 25,000 \) and \( ₹ 15,000 \) respectively. Interest payable on capital is \( 10 \% \) p.a. Find the interest on capital for both the partners when the profits earned by the firms is \( ₹ 2,400 \).

Answer»

Interest on capital is distributed from the profit but in the capital sharing ratio

(1) Find capital sharing ratio:

25000 : 15000

= 5 : 3

(2) Divide profit in the capital sharing ratio:

Profit = 5x + 3x = 8x

2400 = 8x

x = 300

Therefore,

Anukalp share : Karan share = 1500 : 900 .



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