Question

Radhika, Mehar and Shubha were partners in a firm sharing profits and losses in the ratio of 9 : 8 : 7. If Radhika’s share of profit at the end of the year amounted to ₹ 5,40,000, Shubha’s share of profit will be:

• A. ₹ 5,40,000
• B. ₹ 4,80,000
• C. ₹ 60,000
• D. ₹ 4,20,000

Hint:

Use unitary method when profit is given for one partner and you’re asked to calculate for another.

Answer 1

The Correct Option is D

Total ratio = 9 + 8 + 7 = 24 parts
If Radhika's 9 parts = ₹ 5,40,000
Then 1 part = ₹ 5,40,000 ÷ 9 = ₹ 60,000
Shubha's share (7 parts) = 7 × ₹ 60,000 = ₹ 4,20,000
Final Answer: ₹ 4,20,000