Yash and Rakesh are partners in a firm out of which Yash is Sleeping partner and...
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Yash and Rakesh are partners in a firm out of which Yash is Sleeping partner and Rakesh is working partner. Yash invests Rs. 1,40,000 and Rakesh invests Rs. 80,000. Rakesh receives 12.5% of profit for managing the business and the rest is shared between them in ratio of their investments. Rakesh's share of profit in profit of Rs. 17600 is: 1. 7800 2. 5600 3. 9800 4. 6400 5. 4600 Yash and Rakesh are partners in a firm out of which Yash is Sleeping partner and Rakesh is working partner. Yash invests Rs. 1,40,000 and Rakesh invests Rs. 80,000. Rakesh receives 12.5% of profit for managing the business and the rest is shared between them in ratio of their investments. Rakesh's share of profit in profit of Rs. 17600 is: 1. 7800 2. 5600 3. 9800 4. 6400 5. 4600
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Solution 1 Profit received by Rakesh for managing the business 125 ... View the full answer
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