The profit-loss sharing ratio of Rajkumar, Kaushik and Sharma is 15 :

1.	The profit-loss sharing ratio of Rajkumar, Kaushik and Sharma is 15 : 10 : 9. The total profit of the year of the firm is ₹ 68,000. Determine the share in profit of each partner.
Answer» Profit-loss sharing ratio of Rajkumar, Kaushik and Sharma is 15 : 10 : 9. Proifit distribution for each partner is as follows : Rajkumar’s profit share = 68, 000 × \(\frac{15}{34}\) = ₹ 30,000 Kaushik’s profit share = 68,000 × \(\frac{10}{34}\) = ₹ 20,000 Sharma’s profit share = 68, 000 × \(\frac{9}{34}\) = ₹ 18, 000

The profit-loss sharing ratio of Rajkumar, Kaushik and Sharma is 15 : 10 : 9. The total profit of the year of the firm is ₹ 68,000. Determine the share in profit of each partner.

Answer»

Profit-loss sharing ratio of Rajkumar,

Kaushik and Sharma is 15 : 10 : 9.

Proifit distribution for each partner is as follows :

Rajkumar’s profit share = 68, 000 × \(\frac{15}{34}\) = ₹ 30,000

Kaushik’s profit share = 68,000 × \(\frac{10}{34}\) = ₹ 20,000

Sharma’s profit share = 68, 000 × \(\frac{9}{34}\) = ₹ 18, 000