Vijay and Manohar share profits and losses in the ratio of 2:1. They admit Prakash as a partner with 1/4 share in profits with a guarantee that his share of profit will be at least Rs. 50,000. The net profit of the firm for the year ending March 31, 2015, was Rs. 1,60,000. Calculate the amount of profit Vijay will get.
Held on 3 Jun 2025 · Verified 13 Jul 2026.
Rs. 60,333
Rs. 73,333
Rs.50,300
Rs. 80,333
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