[CBSE] Q. 79 Solution of Fundamentals of Partnership Firms TS Grewal Book (2023-24)

Solution of Question number 79 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition.

Mohit and Sobhit are partners sharing profits in the ratio of 3:2. Rohit was admitted for 1/6th share of profit with a minimum guaranteed profit of ₹ 10,000. At the close of the first financial year, the firm earned a profit of ₹ 54,000. Find the share of profit which Mohit, Sobhit, and Rohit will get.

[Ans: Mohit’s Share – ₹ 26,400; Sobhit’s Share – ₹ 17,600; Rohit’s Share – ₹ 10,000.]

Solution:-

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