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A B and C have capitals of ₹100000 ₹150000 and ₹250000 respectively. Profit ratio is equal. Interest on capital is 6% and profit is ₹90000. What is C's total profit?

Answer and explanation

Correct answer: ₹45000

C's interest on capital is ₹15000. After total interest ₹30000 the balance ₹60000 gives C ₹20000 so total should be ₹35000.

Related tags

PartnershipInterest On CapitalProfit DistributionAdjustmentsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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