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X, Y and Z are partners sharing profits in the ratio 3 : 2 : 1. X died on 10-04-2017. The sales and profit for 2016 were Rs 2,00,000 and Rs 20,000 respectively, sales from 01-01-2017 to 10-04-2017 was Rs 1,20,000. Find the share of X’s profit. |
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Answer» alculation of profit on the basis of sales Percentage of profit on the last year sales = \( \frac { 20,000 }{ 2,00,000 } \times 100 = 10%\) Profit upto death in 2017 = 1,20,000 x \(\frac{10}{100}\)= Rs 12,000 |
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