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Total profit is Rs 360000. First A gets salary Rs 50000 and B gets commission Rs 30000. Remaining profit is shared in ratio four to five to three. What is the third partners share?

Answer and explanation

Correct answer: Rs 70000

After salary and commission remaining profit is Rs 280000. Third partners three twelfth share is Rs 70000.

Related tags

Multiple AppropriationsThird PartnerProfit RatioProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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