Asha and Lata are partners with Capitals of Rs 5,00,000 and Rs 4,00,000 respectively, on which they are entitled to interest at 10% p.a. They divide profits in the ratio of 2:1. They take Sudha, Manager of the business for the past 15 years, as partner in the firm with 14th share of profits and guaranteed that her share of profits will not be less than Rs 2,00,000. Sudha brought Rs 3,00,000 as her capital. Any excess profits received by Sudha over her 14th share will be borne by Asha and Lata in the ratio of 4:1. Profits at the end of the year before allowing interest on capitals amounted to Rs 7,20,000. Distribute the profits. What value has been fulfilled by Asha and Lata?

Asha and Lata are partners with Capitals of Rs 5,00,000 and Rs 4,00,00

1.	Asha and Lata are partners with Capitals of Rs 5,00,000 and Rs 4,00,000 respectively, on which they are entitled to interest at 10% p.a. They divide profits in the ratio of 2:1. They take Sudha, Manager of the business for the past 15 years, as partner in the firm with 14th share of profits and guaranteed that her share of profits will not be less than Rs 2,00,000. Sudha brought Rs 3,00,000 as her capital. Any excess profits received by Sudha over her 14th share will be borne by Asha and Lata in the ratio of 4:1. Profits at the end of the year before allowing interest on capitals amounted to Rs 7,20,000. Distribute the profits. What value has been fulfilled by Asha and Lata?
Answer» Asha and Lata are partners with Capitals of Rs 5,00,000 and Rs 4,00,000 respectively, on which they are entitled to interest at 10% p.a. They divide profits in the ratio of 2:1. They take Sudha, Manager of the business for the past 15 years, as partner in the firm with $\frac{1}{4}$ th share of profits and guaranteed that her share of profits will not be less than Rs 2,00,000. Sudha brought Rs 3,00,000 as her capital. Any excess profits received by Sudha over her $\frac{1}{4}$ th share will be borne by Asha and Lata in the ratio of 4:1. Profits at the end of the year before allowing interest on capitals amounted to Rs 7,20,000. Distribute the profits. What value has been fulfilled by Asha and Lata?

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