Arti and Bina are partners with profit sharing ratio of 2:1 and capital of Rs.5,00,000 and Rs.4,00,000 respectively. They are allowed 8% p.a. interest on capital and are charged 10% p.a. interest on their drawings. Their drawings during the year were Arti Rs.80,000 and Bina Rs.60,000. Arti’s share of net profit as per profit and loss appropriation account amounted to Rs.1,00,000. Net profit of the firm before any appropriation was (a) Rs.208000 (b) Rs.215000 (c)Rs.179000 (d) Rs.222000 please give answer along with explanation
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222000
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