CBSE 2023 · Region 1 · Set 3 · Q7

Kavita, Savita and Madhu were partners in a firm with capitals of ₹ $\displaystyle 6,00,000$, ₹ $\displaystyle 4,00,000$ and ₹ $\displaystyle 2,00,000$ respectively. After providing interest on capital @ $\displaystyle 10$% p.a., the profits are divisible as follows : $\displaystyle 1$ , Savita $\displaystyle 1$ and Madhu $\displaystyle 1$ . Kavita personally guaranteed that Kavita $\displaystyle 3$ $\displaystyle 2$ $\displaystyle 6$ Savita's share of profit after charging interest on capital would not be less than ₹ $\displaystyle 1,00,000$ in any year. The profit for the year ending 31st March, $\displaystyle 2022$ amounted to ₹ $\displaystyle 3,00,000$ before providing interest on capital. Savita's share of profit is short of the guaranteed amount by :