Question : A, B and C are partners in a firm. Their profit-sharing ratio is 2:2:1. C is guaranteed a minimum of Rs 1,00,000 as a share of profit every year. Any deficiency arising shall be met by B. The profits for the year ended 2021 are Rs 6,00,000 respectively. What will be the partners' profit share?
Option 1: Rs 1,50,000, Rs 1,00,000, Rs 50,000
Option 2: Rs 2,40,000, Rs 2,40,000, Rs 1,20,000
Option 3: Rs 3,00,000, Rs 2,00,000, Rs 1,00,000
Option 4: None of these
Correct Answer: Rs 2,40,000, Rs 2,40,000, Rs 1,20,000
Solution : Answer = Rs 2,40,000, Rs 2,40,000, Rs 1,20,000
Profit=6,00,000
A's share=$\frac{2}{5} \times(6,00,000)$=2,40,000
B's share=$\frac{2}{5} \times(6,00,000)$=2,40,000
C's share=$\frac{2}{5} \times(6,00,000)$=1,20,000.
Hence, the correct option is 2.
