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A and B share profits in (3:2). A is to receive (20%) commission on profit before commission. Profit before commission is (₹50000). What is B's final profit share?

Answer and explanation

Correct answer: (₹16000)

A's commission is (₹10000) and remaining (₹40000) is shared (3:2). B's share is (40000 \times \frac{2}{5}=₹16000).

Related tags

PartnershipAdjustmentsCommission Before DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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