A, B and C were partners sharing profits and losses in the ratio of 2 : 2 : 1. C died on 30th June, 2023. Profit and sales for the year ended 31st March, 2023 were ₹ 1,00,000 and ₹ 10,00,000 respectively. Sales during April to June, 2023 were ₹ 1,50,000. You are required to calculate share of profit of C till the date of his death.

[Ans.: % of Profit to Sales – 10%, Profit for the period April to June, 2023 – ₹ 15,000; C’s Share of Profit – ₹ 3,000.]

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