A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13
A)60,000 .
B)50,000 .
C)25,000 .
D)40,000

Question

Quizplus · Accepted Answer

Since B is guaranteed a profit of `60,000 regardless of the actual profit distribution based on the original agreement, B's share of profit is `60,000.

A B C Are Three Partners Sharing Profit and Loss