Question

Tapti’s share of profit will be:

• A. ₹ 11,500
• B. ₹ 34,500
• C. ₹ 10,500
• D. ₹ 23,000

Hint:

To calculate a partner's share of profit, multiply the total profit by their share in the partnership. Always double-check the given ratio and total profit for accuracy.

Answer 1

The Correct Option is C

Tapti's profit share is determined by the partners' profit-sharing ratio. Given the total profit and the profit-sharing ratio, Tapti's share is calculated as: \[Tapti’s Share of Profit} = Total Profit} \times \frac{Tapti's Share Ratio}}{Total Share Ratio of All Partners}}\]With the relevant figures applied, Tapti's calculated share is ₹ 10,500.