Question

X and Y are partners. Total
interest on loan extended by X to
firm is 20,000. Firm has net profit of
5,000. The capital of X and Y are
in ratio of 2 : 3. What will be X's
share of profit/loss?

(a) Profit 7,500 (b) Loss 7,500
(c) Profit 2,500 (d) Loss 2,500

Answer 1

(d) answer

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