X,Y and Z are partners in the ratio of 5:4:3. X has given to Z a guarantee of minimum ₹10,000 profit. For the year ending 31st March, 2020, firm’s profit is ₹28,000. X’s share in profit will be:
a. ₹9,200
b. ₹9,600
c. ₹7,200
d. ₹12,000
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Answer:
a. ₹9,200
Explanation:
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