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Q. |
A and B enter into a joint venture sharing profit and losses in the ratio of 3:2. A purchased goods costing `2,00,000. B sold 95% goods for ` 2,50,000. A is entitled to get 1% commission on purchase and B is entitled to get 5% commission on sales. A drew a bill on B for an amount equivalent to 80% of original cost of goods. A got it discounted at `1,50,000. What is A's share of profit? |
A. | 15,300 |
B. | 21,300 |
C. | 18,900 |
D. | None of the above |
Answer» B. 21,300 |
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