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Rahul is guaranteed Rs. 50,000 profit but his 1/4 share of Rs. 1,60,000 is smaller. His deficiency?
ARs. 5,000
BRs. 15,000
CRs. 10,000
DRs. 20,000
Answer & Solution
Correct answer: C. Rs. 10,000
His share is Rs. 40,000 (one quarter of Rs. 1,60,000), so Rs. 10,000 is needed to reach the guarantee.
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