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A B C share profits in ratio three to three to four. C received Rs 90000 including Rs 10000 guarantee deficiency. What was total profit?

Answer and explanation

Correct answer: Rs 200000

Cs normal share was Rs 80000 because Rs 10000 deficiency was added separately. If four tenth share is Rs 80000 total profit is Rs 200000.

Related tags

Reverse GuaranteeTotal ProfitC ShareProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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