Ramesh and Suresh are partners sharing profits in the ratio of 2 : 1 respectively Ramesh's Capital is Rs - Accountancy -

Question

Ramesh and Suresh are partners sharing profits in the ratio of 2 :
1 respectively Ramesh's Capital is Rs 1,02,000 and Suresh's Capital
is Rs 73,000 They admit Mahesh and agree to give him
1/5th share in future profits Mahesh brings Rs 14,000 as
his share of goodwill He agrees to contribute capital in the new
profit sharing ratio How much capital will be brought in by
Mahesh?
(a) Rs 43,750 (b) Rs 45,000 (c) Rs 47,250 (d) Rs 48,000

Neha A. · Accepted Answer

Hi Prarthana,

Mahesh's capital can be calculated as follows

Mahesh's Capital=(Ramesh's Capital+Suresh's Capital)×Reciprocal of their Combined New Share×Profit Share of MaheshRamesh' Capital + Suresh's Capital=1,02,000+73,000=Rs 1,75,000Combined Share of Ramesh & Suresh=1-15=45Reciprocal of Combined Share=54Mahesh's Profit Share=15Mahesh's Capital=1,75,000×54×15=Rs 43,750

Hence, the correct answer is option 'a'