Question:medium
Suman & Lata’s capital = ₹1,50,000 & ₹2,00,000. Interest = 8%
(i) Profit = ₹14,000
(ii) Profit = ₹60,000
Suman & Lata’s capital = ₹1,50,000 & ₹2,00,000. Interest = 8%
(i) Profit = ₹14,000
(ii) Profit = ₹60,000
(i) Profit = ₹14,000
(ii) Profit = ₹60,000
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If profit<interest, divide interest proportionally.
Updated On: Jan 14, 2026
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Solution and Explanation
(i) Interest due amounts to ₹12,000 + ₹16,000 = ₹28,000, which exceeds ₹14,000. Therefore, interest is apportioned in the ratio 12:16, simplifying to 3:4.
(ii) The full interest allowed is ₹28,000. The remaining ₹32,000 is shared in the ratio 3:2.
(ii) The full interest allowed is ₹28,000. The remaining ₹32,000 is shared in the ratio 3:2.
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