Calculate the Rate of interest on Drawings of Mohan in the following cases:
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Amit and Vijay started a partnership business on 1st April 2022. Capital invested by them were ₹ 2,00,000 and ₹ 1,50,000 respectively
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A and B are partners sharing profits and losses in the ratio of 3 : 1. On 1st April 2022, their capitals were: A ₹ 5,00,000 and B ₹ 3,00,000
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A, B and C were partners in a firm having capitals of ₹ 50,000; ₹ 50,000, and ₹ 1,00,000 respectively
Solution;-
Amit, Binita, and Charu are the three partners. On 1st April 2022, their capitals stood as: Amit ₹ 1,00,000, Binita ₹ 2,00,000, and Charu ₹ 3,00,000. It was decided that:
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Yadu, Vidu, and Radhu were partners in a firm sharing profits in the ratio of 4 : 3 : 3. Their fixed capitals on 1st April
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Sajal and Kajal are partners sharing profits and losses in the ratio of 2 : 1. on 1st April 2022, their capitals were: Sajal ₹ 5,00,000 and Kajal ₹ 4,00,000
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Kabir, Zoravar, and Parul are partners sharing profits in the ratio of 5 : 3 : 2. Their capitals as on 1st April 2022 were: Kabir – ₹ 5,20,000, Zoravar – ₹ 3,20,000 and Parul – ₹ 2,00,000.
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X and Y entered into a partnership on 1st April 2018. Their capitals as on 1st April 2022 were ₹ 2,00,000 and ₹ 1,50,000 respectively
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Reya, Mona, and Nisha shared profits in the ratio of 3 : 2 : 1. Profits for the last three years were ₹ 1,40,000; ₹ 84,000, and ₹ 1,06,000 respectively
Solution:-