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If opening capital is Rs. 60,000, drawings Rs. 5,000, additional capital Rs. 10,000, closing capital Rs.90,000, what will be the profit earned? |
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Answer» Profit = Closing capital + Drawings – (Additional capital + Opening capital) Profit = 90,000 + 5,000 – (10,000 + 60,000) Profit = 25,000. |
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