A) Rs.58,800
B) Rs.58,000
C) Rs.60,000
D) Rs.48,200
Correct Answer: A
Solution :
[a] Rs.58,800 |
Hint: Net profit as per profit and loss account (Rs.) |
(after interest on Loan) = 1,00,000 |
(-) Ys Commission @ 2% = (2,000) |
Distributable profit = 98,000 |
Xs share = 98,000 \[\times \frac{3}{5}\] = Rs.58,800 |
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