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Capital employed Rs 5,00,000, normal rate 10%, average profit Rs 70,000. Super profit?
ARs 70,000
BRs 50,000
CRs 20,000
DRs 12,000
Answer & Solution
Correct answer: C. Rs 20,000
Normal profit is 10% of 5,00,000 which is 50,000, and 70,000 minus 50,000 leaves 20,000.
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