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A, B and C share a loss in the ratio 2:2:1. If the total loss is Rs 50,000, what is C's share?

Answer and explanation

Correct answer: Rs 10000

The total parts of the ratio 2:2:1 are 2+2+1 = 5. C has 1 part, so C receives 1/5 of the total loss: 1/5 × Rs 50,000 = Rs 10,000. The closest distractor Rs 20,000 equals 2/5 of Rs 50,000, which would be A's or B's share, not C's. Exam tip: add the ratio parts first, then multiply the total amount by the specific partner's fraction (their part divided by total parts).

Related tags

Loss DistributionPartnership AccountsRatioThree PartnersAccounting Class 12Profit DistributionPartnership Accounts Basic ConceptsAccountancy

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