Mr Ajith has patent of safety locks. He gave right of manufacture and safe of lock to national traders for 14 years on the following terms Royalty will be at Rs 5 on each lock sold and minimum rent is Rs 1,00,000 per year . short working will be recouped in the following two year . open the necessary accounts
Year No of locks sold
2016-2017 16,000
2017-2018 18,000
2018-2019 22,000
2019-2020 36,000
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