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The deed gives profit ratio A B C as two to two to one. C has a minimum guarantee of thirty thousand rupees. If total profit is one lakh rupees what is C deficiency?

Answer and explanation

Correct answer: Ten thousand rupees

C actual share is one fifth of one lakh which is twenty thousand. Guarantee is thirty thousand so deficiency is ten thousand.

Related tags

Profit GuaranteeProfit RatioNumericalPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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