Mickey, Tom and Jerry Were Partners In The Ratio of 5:3:2. On 31st March 2021 - Bzziii.com

Mickey, Tom and Jerry were partners in the ratio of 5:3:2. On 31st March 2021, their books reflected a net profit of ₹2,10,000. As per the terms of
Mickey, Tom and Jerry were partners in the ratio of 5:3:2. On 31st March 2021, their books reflected a net profit of ₹2,10,000. As per the terms of the partnership deed they were entitled for interest on capital which amounted to ₹80,000, ₹60,000 and ₹40,000 respectively. Besides this a salary of ₹60,000 each was payable to Mickey and Tom. Calculate the ratio in which the profits would be appropriated.

(A) 1:1:1
(B) 5:3:2
(C) 7:6:2
(D) 4:3:2




(C) 7:6:2 

Explanation:


MickeyTomJerry
Interest on the Capital80,00060,00040,000
Salary to the Partners60,00060,000
Total1,40,0001,20,00040,000
Mickey's Ratio

= `"1,40,000"/"3,00,000"` = `"70,000"/"1,50,000"`

= `14/30` = `7/15`

Tom's Ratio

= `"1,20,000"/"3,00,000"` = `"60,000"/"1,50,000"`

= `"12"/"30"` = `"6"/"15"`

Jerry's Ratio

= `"40,000"/"3,00,000"` = `"20,000"/"1,50,000"`

= `"4"/"30"` = `"2"/"15"`

∴Mickey:Tom:Jerry = 7:6:2






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