Question

Priyam, Divam and Shivam are partners of a firm with capital ratio 3 : 2 : 1. Priyam and Divam has given

assurance to Shivam that he will get minimum ₹ 25,000 from the profit. The profit of the firm is ₹ 60,000. Show the distribution of profit among partners.

Answer 1

Profit share of Priyam, Divam and Shivam are resp. ₹ 17,500; ₹ 17,500 and ₹ 25,000