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Capital rose from Rs 1,00,000 to Rs 1,20,000; the owner withdrew Rs 12,000 and invested Rs 8,000 afresh. Profit was:
ARs 20,000
BRs 40,000
CRs 32,000
DRs 24,000
Answer & Solution
Correct answer: D. Rs 24,000
1,20,000 plus 12,000 minus 8,000 gives 1,24,000, and less opening 1,00,000 leaves 24,000.
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