Average Profit = (1,36,000 + 1,54,000 + 1,00,000)/3 = 1,30,000. Period = 3 months (April-June). Profit for 3 months = 1,30,000 x 3/12 = 32,500. X's share = 32,500 x 4/10 = Rs. 13,000.
If X share of profit was to be calculated on the basis of Average Profit of the last three years, which were Rs. 1,36,000 for 2018-19, Rs. 1,54,000 for 2019-20 and Rs. 1,00,000 for 2020-21. X share of profit for the period from April 01, 2020 to June 30, 2020 shall be calculated on the basis of Average Profit. The profit sharing ration is 4 : 5 : 1 between X, Y and Z.
His share of profit will be:
Held on 20 Aug 2022 · Verified 13 Jul 2026.
Rs. 26,000
Rs. 13,000
Rs. 10,000
Rs. 12,000
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