question_answer

X and Y are partners sharing profits in the ratio of 3:2. On 1st January 2021 they admit Z (new partner) during the year and profit sharing ratio was decided 5:3:2. Y personally guarantee that Z's share in a year will not be less than Rs.40,000. Profit at the end of the year 31st March 2021 was Rs.70,000 (out of which 30,000 was earned in last 3 months). How much deficiency is borne by Y?

A) 34,000 

B) 26,000

C) 4,000

D) No deficiency