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A B and C share profits in the ratio 4:4:1. C is guaranteed ₹30000 by A and B in their profit ratio. Total profit is ₹180000. What is B's final profit?

Answer and explanation

Correct answer: ₹75000

C's normal share is ₹20000 and deficiency is ₹10000. A and B bear it equally so B's share falls from ₹80000 to ₹75000.

Related tags

PartnershipGuaranteeProfit SharingAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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