Calculating Isha's Profit Share
To find Isha's share of the profit, we first need to determine the total investment made by all partners. The profit distribution is directly proportional to the investment made by each partner.
1. Calculate Total Investment
The investments are:
- Ritu: ₹1,190
- Sameer: ₹1,060
- Isha: ₹1,350
Total Investment = ₹1,190 + ₹1,060 + ₹1,350 = ₹3,600
2. Determine Isha's Investment Ratio
Isha's share in the profit is determined by the ratio of her investment to the total investment.
Isha's Investment Ratio = \(\frac{\text{Isha's Investment}}{\text{Total Investment}}\)
Isha's Investment Ratio = \(\frac{1350}{3600}\)
Simplify the ratio:
\(\frac{1350}{3600} = \frac{135}{360} = \frac{27}{72} = \frac{3}{8}\)
3. Calculate Isha's Profit Share
The total profit is ₹1,640. Isha's share is calculated by multiplying the total profit by her investment ratio.
Isha's Profit Share = Total Profit \(\times\) Isha's Investment Ratio
Isha's Profit Share = \(₹1,640 \times \frac{3}{8}\)
Isha's Profit Share = \(\frac{1640 \times 3}{8}\)
Isha's Profit Share = \(205 \times 3\)
Isha's Profit Share = \(₹615\)
Therefore, Isha's share in the profit is ₹615.
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Important Questions from Partnership
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When the incoming partner cannot bring premium for goodwill, then the necessary adjustment for goodwill is done through which one of the following?
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