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P, Q and R are partners in 3 : 2 : 1. R ...

P, Q and R are partners in 3 : 2 : 1. R is guaranteed that his share of profit will not be less than Rs. 70,000. Any deficiency will be borne by P and Q in the ratio of 2 : 1. Firm's profit was Rs.2,40,000. Share of P will be :

A

Rs.1,00,000

B

Rs.1,10,000

C

Rs.1,20,000

D

Rs.1,02,000

Text Solution

Verified by Experts

The correct Answer is:
A
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