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Net profit is Rs 90000 and A gets salary of Rs 15000. Remaining profit is shared equally by A and B. What is A's total share?

Answer and explanation

Correct answer: Rs 52500

The governing treatment is that the stated partner salary is appropriated first, and only the balance is divided as residual profit. Total net profit is Rs 90,000. After deducting A’s salary of Rs 15,000, the remaining profit is Rs 75,000. Since A and B share this remainder equally, A receives Rs 75,000 ÷ 2 = Rs 37,500 as residual profit. A’s total share is therefore salary Rs 15,000 + residual profit Rs 37,500 = Rs 52,500, so option A is correct. Option C omits the salary, option D includes only salary, and option B does not follow the stated calculation.

Related tags

SalaryRemaining ProfitNumericalProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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