Tom & Jerry are partners in a firm sharing the profits and losses in the ratio of 3:2. Tom’ capital Rs.70,000 & Jerry’s capital Rs.50,000. They agreed to take Shiva as a new partner for 1/5th share in future profits. Calculate the amount of capital to be brought in by shiva.

Tom & Jerry are partners in a firm sharing the profits and losses in t

1.	Tom & Jerry are partners in a firm sharing the profits and losses in the ratio of 3:2. Tom’ capital Rs.70,000 & Jerry’s capital Rs.50,000. They agreed to take Shiva as a new partner for 1/5th share in future profits. Calculate the amount of capital to be brought in by shiva.
A.	Rs.16,000
B.	Rs.18,000
C.	Rs.80,000
D.	Rs.30,000
Answer» E.