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ABC are three partners sharing profit and loss in the ratio 2 : 2: 1, B recently obtained MBA degree from Oxford University, accordingly
ABC are three partners sharing profit and loss in the ratio 2 : 2: 1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of Rs. 60, 000. Find the share of profit of A if the firm made a net profit of Rs. 120, 000 during 2013-14
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
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