Partnership
This query is : Resolved
30 April 2012
Hi, Below some tipical problem i've have which need solution for this
A & B Partner to buy and sell property. A invested 25K to buy property worth of 75L and balance amount will be arranged through bank loan.
Now A& B pay EMI amount of 54K out of which B pay his option of 20K .
A& B decided to sell this property at value of 1.25C .
1. What is profit A&B get after selling property
2. Assume loan will paid through of from sale value (outstanding balance is 40L)
Can you some please help on this?
Regards
Venkat
A & B Partner to buy and sell property. A invested 25K to buy property worth of 75L and balance amount will be arranged through bank loan.
Now A& B pay EMI amount of 54K out of which B pay his option of 20K .
A& B decided to sell this property at value of 1.25C .
1. What is profit A&B get after selling property
2. Assume loan will paid through of from sale value (outstanding balance is 40L)
Can you some please help on this?
Regards
Venkat
11 May 2012
Profit will be Rs. 50 lakhs which shall be shared by A & B as per their profit sharing ratio.
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