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Ravi's capital stood at Rs 60,000 in April and Rs 90,000 in March, and he withdrew Rs 10,000. His profit was:
ARs 20,000
BRs 40,000
CRs 30,000
DRs 50,000
Answer & Solution
Correct answer: B. Rs 40,000
Profit is 90,000 plus 10,000 drawings minus 60,000, which is 40,000.
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