X, Y & Z are partners in a firm sharing profits and losses in the ratio of 5 : 4 : 3. Z died on 30/09/16. Profit for the year 2016 – 17 was Rs.40,000. What is the share of Z in the profits of the firm till the date of his death?

X, Y & Z are partners in a firm sharing profits and losses in the rati

1.	X, Y & Z are partners in a firm sharing profits and losses in the ratio of 5 : 4 : 3. Z died on 30/09/16. Profit for the year 2016 – 17 was Rs.40,000. What is the share of Z in the profits of the firm till the date of his death?
A.	Rs.6,000
B.	Rs.5,000
C.	Rs.4,500
D.	Nil
Answer» C. Rs.4,500