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Mark and John are partners in a business. Mark's initial capital was 250,000, and John's was 200,000. During the year, Mark made an additional investment
- Mark and John are partners in a business. Mark's initial capital was ₹250,000, and John's was ₹200,000. During the year, Mark made an additional investment of ₹30,000 and John ₹25,000. The business incurred a net profit of ₹40,000, which is to be shared in the ratio of their original capital contributions. Compute the ending capital balances for both Mark and John.
Partner | Initial Capital | Additional Investment | Net Profit Share | Ending Capital |
Mark | ₹250,000 | ₹30,000 | ? | ? |
John | ₹200,000 | ₹25,000 | ? | ? |
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