A) Rs.660
B) Rs.600
C) Rs.5,400
D) None of these
Correct Answer: A
Solution :
[a] Rs.660 |
Hint: Capital at the Beginning |
= Capital at the End + Drawings - Profit |
= 12,000 + 3,500 - 2,300 = Rs.13,200 |
Interest on Capital = 13,200 \[\times \frac{5}{100}\] = Rs.660 |
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