Question

Rohit, Virat and Shikhar were partners, sharing profits and losses in the ratio 3 : 1 : 1. Their capital balance as on March 31, 2024 was ₹ 3,00,000; ₹ 2,70,000 and ₹ 2,50,000 respectively. On the same date, they admitted Hardik as a new partner for 20% share. Hardik was to bring ₹ 80,000 for his share of goodwill and 1/5 of the combined capital of all the partners of the new firm. What will be the amount of capital brought in by Hardik on his admission as a new partner?

Options

• ₹ 2,25,000

• ₹ 1,80,000

• ₹ 2,60,000

• ₹ 3,05,000

Answer 1

₹ 2,25,000