A and B are partners with a profit sharing ratio of 2 : 1 and capitals of 3,00,000 and 2,00,000 respectively. They are allowed 6% p.a. interest on their capitals and are charged 10% p.a. interest on their drawings. Their drawings during the year were A 360,000 and B 240,000. B's share of net profit as per profit and loss appropriation account amounted to 240,000. Net Profit of the firm before any appropriations was :
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