X and Y are partners. X's capital is Rs 10,000, Y's capital is Rs 6,000. Interest is payable at 6% p.a. Y is entitled to a salary of Rs 300 per month. Profits for current year before charging any interest and salary to Mr. Y is Rs 8,000. Divide the profit between X and Y.

X and Y are partners. X's capital is Rs 10,000, Y's capital is Rs 6,00

1.	X and Y are partners. X's capital is Rs 10,000, Y's capital is Rs 6,000. Interest is payable at 6% p.a. Y is entitled to a salary of Rs 300 per month. Profits for current year before charging any interest and salary to Mr. Y is Rs 8,000. Divide the profit between X and Y.
Answer» X and Y are partners. X's capital is Rs 10,000, Y's capital is Rs 6,000. Interest is payable at 6% p.a. Y is entitled to a salary of Rs 300 per month. Profits for current year before charging any interest and salary to Mr. Y is Rs 8,000. Divide the profit between X and Y.