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A and B have capitals of ₹100000 and ₹150000. Profit ratio is 2:3. Interest on capital is 10% and available profit is only ₹20000. How much interest will B receive?

Answer and explanation

Correct answer: ₹12000

Interest due is ₹10000 and ₹15000 so the ratio is 2:3. Available profit ₹20000 is divided in that ratio.

Related tags

PartnershipInterest On CapitalInsufficient ProfitAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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