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Annual profit is Rs 1,20,000. A 1/4 partner dies after 3 months. His profit share?
ARs 30,000
BRs 7,500
CRs 3,750
DRs 15,000
Answer & Solution
Correct answer: B. Rs 7,500
Profit for three months is 30,000 and one quarter of that is 7,500.
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