Sarthaks Test
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A, B and C were partners sharing profits and losses in the ratio of 2:2:1. C died on 31st March 2016. Profits and Sales for the calendar year 2015 were Rs.1,00,000 and Rs.10,00,000 respectively. Sales during January to March 2016 were Rs.1,50,000 . You are required to calculate share of profit of C up to the death

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Profit from Jan. 01 to March 31,2016 on the basis of profit Ratio of 2014 =1,50,00 x 10/100 =Rs.15,000

C's profit share ( from jan to march 31,2016 ) = 15,000 x 1/5 =Rs.3,000

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