Question

8. A, B and C are partners. A's capital is Rs. 3,00,000 and B's capital is Rs. 1,00,000. C has not invested any amount but he alone manages the whole business. C wants Rs. 30,000 p.a as salary. Firm earned a profit of Rs. 1,50,000. How much will each partner's share of profit: O A Rs.60,000; B Rs.60,000; C Rs. Nil O A Rs. 90,000; B Rs.30,000; C Rs. Nil O A Rs. 40,000; B Rs. 40,000; C Rs.40,000 O A Rs. 50,000; B Rs.50,000; C Rs 50,000​

Answer 1

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