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If the deed gives A Rs 20000 salary and one third share in remaining profit. Total profit is Rs 95000. What is As total claim?

Answer and explanation

Correct answer: Rs 45000

The partner’s total claim has two separate parts: the salary allowed under the deed and the partner’s share of the profit remaining after that salary. First subtract the salary of ₹20,000 from the total profit of ₹95,000. This leaves ₹75,000 as the remaining profit. The deed gives A one-third of this remaining amount, so A’s profit share is ₹25,000. Salary and profit share must then be added to find the total claim.

The calculation is: remaining profit = ₹95,000 − ₹20,000 = ₹75,000; A’s share = ₹75,000 × 1/3 = ₹25,000; total claim = ₹20,000 + ₹25,000 = ₹45,000. Hence choice A is correct. The salary is not included again in the one-third calculation, because the wording says the share is in the remaining profit. The supplied answer is consistent, and the other amounts do not follow from the stated salary and ratio.

Related tags

SalaryRemaining ProfitNumerical

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