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A and B share profits in the ratio 4:1. Total profit is ₹75000. A guarantees B a minimum of ₹25000. What is A's final profit?

Answer and explanation

Correct answer: ₹50000

B's normal share is ₹15000 and deficiency is ₹10000. A's normal share ₹60000 reduces to ₹50000.

Related tags

PartnershipGuaranteeMinimum ProfitAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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