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If A and B shared profit in 1:1 but the correct ratio was 2:3 and the total profit is 25,000 rupees, what is A's correct share?

Answer and explanation

Correct answer: Ten thousand rupees

In the correct ratio 2:3 the total parts = 2+3 = 5. A's share = (2/5) × 25,000 = 10,000 rupees. Option A (12,500) is what A would get if profit were shared equally (1:1), so it is incorrect. Exam tip: always find total parts first, then multiply the partner's part by the total profit.

Related tags

Partnership AccountsAdjustmentsRatioProfit SharingClass 12AccountancyPartnership Accounts Basic ConceptsClass 12 Mcq

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