A and B were partners in a joint venture sharing profits and losses in the proportion...

 

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A and B were partners in a joint venture sharing profits and losses in the proportion of 4/5th and 1/5th respectively. A supplies goods to the value of Rs.50,000 and incurs expenses amounting to Rs.5,400. B supplies goods to the value of Rs.14,000 and his expenses amount to Rs.800, B sells goods at Rs.87,400. B settles his account by bank draft. What will be the profit on venture? A and B were partners in a joint venture sharing profits and losses in the proportion of 4/5th and 1/5th respectively. A supplies goods to the value of Rs.50,000 and incurs expenses amounting to Rs.5,400. B supplies goods to the value of Rs.14,000 and his expenses amount to Rs.800, B sells goods at Rs.87,400. B settles his account by bank draft. What will be the profit on venture?

Answer rating: 100% (QA)

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