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The deed gives profit ratio among partners as two to two to one. If total profit is Rs 100000, what is the third partners share?

Answer and explanation

Correct answer: Rs 20000

Total ratio is five and the third partners share is one fifth. One fifth of Rs 100000 is Rs 20000.

Related tags

Profit RatioNumericalPartnershipPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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