A,b and c are partners in a firm. A and b are to get annual salary of 120000rs p.a. each as they are fully involved in the business. Net profit for the year is 480000.determine the share of profit to be credited to each partner .
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a b c= 480000 and a b salary is 120000 so 480000+120000=600000 so each annual salary is 600000 upon 3=200000 each
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