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A and B share profits equally. A guarantees B minimum profit of Rs 45000. Total profit is Rs 80000. What is As final share?

Answer and explanation

Correct answer: Rs 35000

Bs normal share is Rs 40000 and deficiency is Rs 5000. A bears the deficiency from his Rs 40000 share so A gets Rs 35000.

Related tags

GuaranteeFinal ShareAdjustmentAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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