There are three partners in a firm P, Q and R. X is admitted into the...
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There are three partners in a firm P, Q and R. X is admitted into the firm with 1/4th share of profit with a guaranteed profit of Rs. 25,000 p.a The firm;s total profit is Rs. 80,000. If the firm stood as a guarantor of guaranteed profit to X, how much profit would be given to remaining partners in the instant case? There are three partners in a firm P, Q and R. X is admitted into the firm with 1/4th share of profit with a guaranteed profit of Rs. 25,000 p.a The firm;s total profit is Rs. 80,000. If the firm stood as a guarantor of guaranteed profit to X, how much profit would be given to remaining partners in the instant case?
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