MCQOPTIONS
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| 1. |
A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13 |
| A. | 60,000 ; |
| B. | 50,000 ; |
| C. | 25,000 ; |
| D. | 40,000 |
| Answer» B. 50,000 ; | |