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Total interest on capital is Rs 30000 and available profit is Rs 24000. If interest claims of A B and C are in ratio five to three to two how much will C receive?

Answer and explanation

Correct answer: Rs 4800

Available profit is divided in the ratio of interest claims. Cs share is two tenths so he receives Rs 4800.

Related tags

Interest On CapitalClaim RatioAvailable ProfitCapital AccountsPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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