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The deed says A will first get Rs 30000 salary and remaining profit will be shared in ratio 2 to 1. In Rs 90000 profit, what is As total share?

Answer and explanation

Correct answer: Rs 70000

After salary, remaining profit is Rs 60000 and As two third share is Rs 40000. Total share is Rs 70000.

Related tags

SalaryProfit SharingNumericalPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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