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The deed changed profit ratio to two to one but for first six months old ratio was one to one. Annual profit of sixty six thousand is assumed earned evenly over time. What is A share for the second six months?

Answer and explanation

Correct answer: Twenty two thousand rupees

Profit for second six months is thirty three thousand. In new ratio two to one A gets two thirds which is twenty two thousand.

Related tags

Change In RatioTime BasisProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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