19 :- A, B and C were partners sharing profits and losses in the ratio of 2:2:1. C died on 30th June, 2025. Profit and sales for the year ended 31st March, 2025 were Rs 1,00,000 and Rs 10,00,000 respectively. Sales during april to june 2025 were Rs 1,50,000.
You are required to calculate share of profit of C till the date of his death.
Solution :-
Calculation of C’s share of profit till his death
Percentage of profit to sales = 1,00,000/10,00,000 x 100 = 10%
Profit for the period of April to June = 1,50,000 x 10% = Rs 15,000
C’s share of profit = 15,000 x 1/5 = Rs 3,000