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A total profit of Rs. 10,000 was wrongly shared equally, but the correct profit-sharing ratio is 3:2. What is A's correct share?

Answer and explanation

Correct answer: Six thousand rupees

In the ratio 3:2 the total parts = 3+2 = 5. So A's share = (3/5) × Rs. 10,000 = Rs. 6,000. Option B (Rs. 5,000) is incorrect because it represents an equal split, not the 3:2 ratio. Exam tip: always add the ratio parts first, then multiply the total profit by the relevant fraction for the partner's share.

Related tags

Partnership AccountsProfit SharingRatioAdjustmentsNumericalPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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