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Capital was Rs 80,000 at the start and Rs 1,00,000 at the end, with no drawings or fresh capital. Profit is:
ARs 20,000
BRs 1,80,000
CRs 80,000
DRs 10,000
Answer & Solution
Correct answer: A. Rs 20,000
Profit is the change in capital: 1,00,000 minus 80,000 equals 20,000.
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