Varun commenced business on 1stApril, 2017 with a Capital of Rs.15,00,000 and a loan of Rs.3,00,000 borrowed from HDFC Bank. On 31stMarch 2018, his assets were Rs.24,00,000. Calculate profit earned during the year if during the year Varun had introduced fresh capital of Rs.1,20,000 and had withdrawn Rs.30,000 for personal purposes.
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