Question:
Tapti’s share of profit will be:
Tapti’s share of profit will be:
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Remember to confirm the partner’s share ratio before calculation, and adjust for any changes in the total profit distribution.
Updated On: Jan 18, 2025
- 11,500
- 34,500
- 10,500
- 23,000
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The Correct Option is B
Solution and Explanation
The share of profit is calculated based on the profit-sharing ratio:
\[
\text{Share of Profit} = \text{Total Profit} \times \text{Share Ratio}.
\]
If the total profit and the partner's ratio are given, multiply these to determine Tapti's share.
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