Practice free →
Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Retirement and Death of a Partner › A firm earned Rs. 1,36,000, Rs. 1,54,000 and Rs.…

A firm earned Rs. 1,36,000, Rs. 1,54,000 and Rs. 1,00,000 in its last three years. What is the average profit?

ARs. 1,30,000
BRs. 1,20,000
CRs. 1,36,000
DRs. 1,54,000
Answer & Solution
Correct answer: A. Rs. 1,30,000
The total is Rs. 3,90,000 and dividing it by three years gives Rs. 1,30,000.
Solve this in the app — CBSE Class 12 (Commerce) practice & 24k+ MCQs →
Related questions