if the amount of work certified is more than 25 but less than 50 of the contract price then of profi...........

Costing - Phase (I & II) Methods of Costing

if the amount of work certified is more than 25% but less than 50% of the contract price, then .............. of profit ascertained as reduced by percentage of cash received from the contractee to work certified is to be taken to P/L A/c, keeping the remaining amount in reserve:

1/3^rd

1/2

2/3^rd

1/4^th

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Explanation:

If the contract has advanced and if the architect of the contractee certifies that the work completed more than 25% but less than 50% of the contract price, in that case, one-third of notional profit should be recognized as profit.
PROFIT = 1/3 *cash received/work certified.
NOTIONAL PROFIT = Value of work certified-(cost of work to date-uncertified amount)