A, B and C are partners. They admit D as a partner and gurantee that his share of profit shall not be less than Rs. 20,000 p.a. Profits are to be shared in the ratio of 4 : 3 : 3 : 2 respectively. If total profits for a year were Rs. 96,000, A's share of profits will be:
A. Rs. 30,400.00
B. Rs. 32,000.00
C. Rs. 33,777.78
D. Rs. 24,000.00
Answer: Option A
This Question Belongs to Commerce >> Accounting
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