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Issued at Par and Redeemed at Par

If opening ca...

Question

If opening capital is Rs. 40000, closing capital is Rs. 90000, withdrawal is Rs. 5000 and additional capital brought in is Rs. 10000, profit is Rs. ____________.

A

45000

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B

55000

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C

35000

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D

50000

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Solution

The correct option is B 45000
Profit/loss = Closing capital + drawings & interest on drawings - opening capital - additional capital & interest on capital.

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