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X, Y, and Z are partners in the ratio of 6 : 4 : 1. In the firm, X has guaranteed Z for his minimum profit of Rs15,000. Firm’s profit was Rs99,000. In the firm profit Xs share will be :
Rs30,000
Rs15,000
Rs48,000
Rs45,000
- Let's distribute the profit first. The total profit is Rs99,000.
- The ratio of the partners is 6:4:1, so let's determine the shares.
- X's share: 6/11 X 99,000 = Rs54,000
- Y's share:4/11 X 99,000 = Rs36,000
- Z's share: 1/11 X 99,000 = Rs9,000
- Z is guaranteed Rs15,000. So, A makes up for the shortfall 15,000 - 9,000 = Rs6,000.
- X guarantees Z, so A's profit is reduced to accommodate this.
- X's original share of profit was X's, since it isn't explicitly mentioned that A is separate from X.
- Correct amount for X's share: Rs54,000- Rs6,000 = Rs48,000
- Answer: Option:3 - Rs48,000
By: santosh ProfileResourcesReport error
Stuti Agrawal
A is not given in the question.
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