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Question : Mohit and Rohit were partners in a firm with the capitals of Rs.80,000 and Rs.40,000 respectively. The firm earned a profit of Rs.30,000 during the year. Mohit's share in the profit will be:

Option 1: Rs.20,000

Option 2: Rs.10,000

Option 3: Rs.15,000

Option 4: Rs.18,000


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Rs.15,000


Solution : Profit is to be distributed in an equal ratio in the absence of any information. Therefore, profit of Rs.30,000 is distributed in 1:1.
Mohit's share of profit = Rs.30,000 X 1/2 = Rs.15,000
Rohit's share of profit = Rs.30,000 X 1/2 = Rs.15,000
Hence, the correct option is 3.

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