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Net profit is Rs 80000 and total interest on capital is Rs 12000. Remaining profit is shared equally between two partners. What will each receive from remaining profit?

Answer and explanation

Correct answer: Rs 34000

After deducting interest on capital remaining profit is Rs 68000. Dividing equally gives Rs 34000 each.

Related tags

Interest On CapitalRemaining ProfitEqual ShareProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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