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A new partner brings Rs 40,000 for a 1/5 share. What total capital of the firm is implied?
ARs 2,00,000
BRs 80,000
CRs 1,60,000
DRs 40,000
Answer & Solution
Correct answer: A. Rs 2,00,000
A 1/5 share equals 40,000, so the firm's total capital is 40,000 times 5, which is 2,00,000.
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