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Sales of first period are two lakh and sales of second period are three lakh. Total profit is one lakh rupees. What profit will be considered for second period?

Answer and explanation

Correct answer: Sixty thousand rupees

Total sales are five lakh and second period share is three fifths. Therefore second period profit is sixty thousand rupees.

Related tags

Sales BasisProfit ApportionmentNumericalProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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