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Mohan, Sohan and Rohan entered into partnership in the profit sharing ratio of 2:3:5. Rohan guaranteed Mohan Rs.90,000/- of profit every year and if there is less the will be reimbursed the deficient amount by him and Sohan in the ratio of 2:3. The profit for the year ending march 2021 was Rs.4,00,000/-. How much money does Sohan have to give Mohan?

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Rs.4,000

Rs.6,000

Nil

Rs.2,000

answer is D.

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Detailed Solution

Rohan’s Share $= 4, 00, 000 \times \frac{2}{10} = 80, 000$

Deficit $= 90, 000 - 80, 000 = 10, 000$

Sohan’s Share $= 10, 000 \times \frac{3}{5} = 6, 000$

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