CA CPT Model Test Paper 5 with solutions for online practice

A, B and C are partners sharing profits in the ratio of 5:4:1. C is given a guarantee that his share of profit in any given year would not be less than Rs. 5,000. Deficiency if any would be borne by A and B equally. The Profits for the year 2009 amounted to Rs. 40,000. The amount of C's deficiency to be shared by A and B will be: