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If the profit is Rs 72,000 and A, B, C share it in the ratio 3:2:1, what is B's share?

Answer and explanation

Correct answer: Rs 24000

Total parts = 3+2+1 = 6. B has 2 parts, so B's share = (2/6) × Rs 72,000 = Rs 24,000. Option B (Rs 36,000) is the common mistake of using 3/6 which actually equals A's share. Exam tip: always add the ratio parts first, then multiply the partner's part fraction by the total profit.

Related tags

Profit SharingPartnership AccountsRatio ProblemsNumericalClass 12Profit DistributionPartnership Accounts Basic ConceptsAccountancy

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