alleryStart learning →A 40% venturer buys stock on which its venture made Rs 50,000 profit. Unsold. Profit share withheld?
ARs 10,000
BRs 20,000
CRs 30,000
DRs 50,000
Answer & Solution
Correct answer: B. Rs 20,000
Its share of the Rs 50,000 profit is 40%, which is Rs 20,000, and it is withheld until the stock is resold to an outsider.
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