Solve this question of death of a partner
Solution
Sales for the year 2020 = 6,00,000 + 20% of 6,00,000
6,00,000 + 1,20,000
7,20,000
Profit for the year 2020=10% of 7,20,000
72000
Profit till 31st January 2020 = (72000) × (10/12)
60,000
Share of Tara in profit till 31st January 2020 = (60,000) × (5/12)
= 25000
Amount of profit received by executor is rs 25,000
Sales for the year 2020 = 6,00,000 + 20% of 6,00,000
6,00,000 + 1,20,000
7,20,000
Profit for the year 2020=10% of 7,20,000
72000
Profit till 31st January 2020 = (72000) × (10/12)
60,000
Share of Tara in profit till 31st January 2020 = (60,000) × (5/12)
= 25000
Amount of profit received by executor is rs 25,000