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A B C share profits in ratio two to four to six. C received Rs 130000 including Rs 10000 guarantee deficiency. What was total profit?

Answer and explanation

Correct answer: Rs 240000

Cs normal share was Rs 120000 because Rs 10000 deficiency was added separately. If six twelfth share is Rs 120000 total profit is Rs 240000.

Related tags

Reverse GuaranteeTotal ProfitC ShareProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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